Vietnamese retail majors set for prosperous year after robust Q1
Vietnamese retail majors have reported Q1/2024 profits several times higher year-on-year or turned losses into profit after purchasing power recovered significantly during Tet (Lunar New Year) holiday, market observers say.
Companies - Thu, May 2, 2024 | 10:21 pm
Retailer Mobile World Q1 profit rises 43 times after reshuffle
Mobile World Investment Corporation (MWG) reported an after-tax profit of nearly VND903 billion ($35.63 million) in the first quarter of 2024, a 43-fold increase year-on-year, according to the company’s financial statements.
Companies - Tue, April 30, 2024 | 9:09 pm
Leading Vietnam retailer Mobile World targets 14-fold increase in after-tax profit
Mobile World Investment Corporation (MWG) has set 2024 revenue and after-tax profit targets of VND125 trillion ($4.99 billion) and VND2.4 trillion ($95.86 million), up 6% and 14.2 times year-on-year, respectively.
Companies - Sun, April 14, 2024 | 3:45 pm
Retail grocery chain Bach Hoa Xanh’s revenue up 50% in 2 months
Bach Hoa Xanh, a retail grocery chain under Mobile World Investment Corporation, posted revenue of VND6 trillion ($242.4 million) in the first two months of 2024, a year-on-year increase of 47%, according to Mobile World.
Companies - Mon, March 25, 2024 | 4:02 pm
Vietnam's Mobile World plans to pay 5% dividend in 2024
Vietnam’s Mobile World Investment Corporation will present to shareholders a plan to pay dividends at a rate of 5% in 2024.
Companies - Thu, March 21, 2024 | 9:28 pm
Retail major Mobile World targets 14-fold profit growth in 2024
Vietnam’s Mobile World Investment Corporation has targeted a 5% year-on-year increase in revenue to VND125 trillion ($5.13 billion) and a 14-fold rise in net proft to VND2.4 trillion ($98.48 million) this year.
Companies - Mon, February 5, 2024 | 5:38 pm
Vietnam retail stocks bounce back with business boost
Several retail stocks have gained strongly since November 2023 as commercial and service activities pick up to prepare for the holiday season.
Finance - Sat, February 3, 2024 | 8:24 am
Retail major Mobile World sees lowest net profit in 10 years
Vietnam’s Mobile World Investment Corporation (MWG) posted a net profit of VND168 billion ($6.9 million) in 2023, down 96% year-on-year, marking the lowest level since 2013.
Companies - Fri, February 2, 2024 | 3:12 pm
Vietnam retail stocks' outlook gradually brightening
A shopping spree during the run-up to major holidays at the year-end, especially the New Year, will bolster Vietnamese retail businesses, said analysts.
Companies - Sun, December 3, 2023 | 3:55 pm
Retail major Mobile World sees 96% plunge in Q3 profit
Vietnam’s Mobile World Investment Corporation (MWG) has posted after-tax profits of VND38.7 billion ($1.57 million) in the third quarter of 2023, down 96% year-on-year.
Companies - Wed, November 1, 2023 | 5:37 pm
Vietnam collects less corporate income tax in 2022 from top 1,000 firms
Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.
Companies - Tue, October 24, 2023 | 10:16 am
Thai conglomerate denies negotiations, purchase of Vietnam retail stores
Thai conglomerate Charoen Pokphand (CP) Group has denied any involvement in acquiring retail stores in Vietnam, rejecting recent news reports to this effect.
Companies - Mon, October 23, 2023 | 7:45 pm
Coro Energy to install 50 MW of rooftop solar at Mobile World facilities
The UK-headquartered Coro Energy PLC will install 50 MW of rooftop solar at facilities operated by Mobile World Investment Corporation, one of the biggest electronics retailers in Vietnam.
Energy - Wed, October 11, 2023 | 10:59 am
Retail major Mobile World posts $2.3 bln revenue in first 6 months
Vietnam's Mobile World Investment Corporation (MWG) has earned VND56.57 trillion ($2.3 billion) in the first six months of the year, down 20% year-on-year and fulfilling 42% of its year plan.
Companies - Sun, July 30, 2023 | 10:15 am
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