MWG nears profit goal
MWG nears profit goal
The digital retailer Mobile World Investment JSC (Mobile World) has reported that its 11-month post-tax profits reached 91 per cent of the full-year profit forecast.
Its post-tax profit was nearly VND2 trillion (US$88.5 million) in 11 months, a yearly increase of 38 per cent.
The company announced that its revenue in 11 months increased 49 per cent year on year to nearly VND59 trillion, with annual income growth rates in its electronics and mobile phone retail sectors hitting 124 per cent and 14 per cent.
The company’s Bach hoa xanh (Green store) retail chain, which sells vegetables and fruits, contributed VND1.19 trillion to the company’s 11-month revenue and online sales rose 74 per cent on a yearly basis to VND5.1 trillion.
In 11 months, Mobile World opened 668 new stores nationwide, including 351 electronics stores, 200 Bach hoa xanh stores and 117 mobile phone retail stores.
The total number of Mobile World’s stores reached 1,923 after 11 months, including 1,068 phone stores and 607 electronics stores.
In 2018, Mobile World plans to record VND86.4 trillion in full-year revenue and VND2.6 trillion in post-tax profit.
