Viettel Global posts historical revenue in Q2
Viettel Global posts historical revenue in Q2
Viettel Global Investment has just released its semi-annual consolidated financial report with revenue from sales and services witnessing an impressive growth of 25 per cent.
Customers at Movitel's branch in Matola Province, Mozambique. — VNA/VNS Photo |
The report showed that the company's revenue reached nearly VNĐ16.6 trillion (US$667.4 million) in the first half of 2024. The result significantly outpaces the global telecommunications growth rate of 4.3 per cent, according to the US technological research and consulting firm Gartner.
Viettel Global recorded ten consecutive quarters of year-on-year revenue growth, with the second quarter posting an all-time high in terms of revenue.
Its profit before tax was VNĐ4.74 trillion.
In the first half of the year, all nine markets saw notable growth. For example, Lumitel in Burundi increased by 31 per cent, Unitel in Laos by 27 per cent, Mytel in Myanmar by 24 per cent, Movitel in Mozambique by 23 per cent and Natcom in Haiti by 18 per cent.
Electronic wallet companies also demonstrated remarkable growth, with e-Mola in Mozambique surging by 169 per cent, U-money in Laos by 62 per cent, Halopesa in Tanzania by 34 per cent and Mosan in Timor-Leste by 34 per cent.
By the end of June 2024, revenue from electronic wallet services reached nearly VNĐ2.1 trillion, making up 11 per cent of total revenue, while electronic wallet subscriptions hit 18.5 million, representing 41 per cent of total mobile subscriptions.
In May 2024, Movitel (Viettel in Mozambique) became the market leader, marking the seventh market where Viettel Global holds the top position, reinforcing its international strength.
On June 5, Viettel Global held its annual shareholder meeting, approving all Board proposals.
For 2024, the company aims for double-digit growth, with traditional telecom growth over ten per cent and non-telecom services increasing by 20-30 per cent. It also has a goal of more than six million new digital subscriptions.
