04:51 (GMT +7) - Monday 18/06/2018

Business

MWG's January online revenue up 119%

Released at: 17:36, 06/03/2018

MWG's January online revenue up 119%

Photo: Huong Do

January revenue up notably at MWG with the exception of the thegioididong chain.

by Do Huong

The Mobile World Investment JSC (MWG) announced revenue of VND7.8 trillion ($342.5 million) in the first month of this year, up 15 per cent year-on-year and equal to 9 per cent of its annual target.

After-tax profit was VND3 trillion ($131.7 million), up 12 per cent year-on-year and equal to 12 per cent of the annual target. Turnover at thegioididong.com was VND3.18 trillion ($139.6 million), an 11 per cent decline year-on-year, and VND4.16 trillion ($182.6 million) at dienmayxanh.com, up 28 per cent. Online turnover reached VND938 billion ($41.2 million), up 119 per cent year-on-year and equal to 9 per cent of the annual target. Turnover at its Cambodian stores, BigPhone, was VND3.5 billion ($153,688) in January.

Turnover at Bach hoa Xanh stores was VND200 billion ($8.78 million) during the month. The chain is the engine of MWG’s growth to 2019 as thegioididong.com stores are growing slower. The company plans to open 1,000 Bach hoa Xanh stores in certain districts of Ho Chi Minh City this year.

Turnover at Tran Anh Digital World’s 35 stores was VND308 billion ($13.5 million).

The company had 2,090 stores nationwide, including 1,071 thegioididong.com stores, 668 dienmayxanh.com stores, and 316 Bach hoa Xanh stores as at January. It also has four BigPhone stores in Cambodia and plans to open ten more this year, according to Mr. Ho Viet Dong, CEO of MWG in Cambodia.

The company earlier targeted 2018 revenue of VND86.4 trillion ($3.8 billion) and after-tax profit of VND2.6 trillion ($114.5 million).

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