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
Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%
Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.
Companies - Sun, April 28, 2024 | 4:24 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
China’s CDH Investments acquires 5% stake in Vietnam grocery chain
China’s CDH Investments, through Green Bee 2 Private Limited, has completed the acquisition of a 5% stake in grocery chain Bach Hoa Xanh, a subsidiary of Vietnamese retailer Mobile World.
Companies - Wed, April 10, 2024 | 4:38 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
UK firm Coro inks power purchase agreement with Vietnam retail major
UK-based Coro Energy PLC has signed an 11.2 U.S. cents per kWh power purchase agreement (PPA) with Vietnam’s Mobile World Group for a 50 MW rooftop solar power system.
Energy - Tue, March 12, 2024 | 7:13 pm
Intel, Vietnam telco Viettel partner up in AI, 5G, data center, smart devices
Vietnamese telecom giant Viettel and U.S. technological firm Intel have signed a memorandum of understanding to accelerate research & development (R&D) and advanced technologies at the Mobile World Congress (MWC) 2024.
Companies - Fri, March 1, 2024 | 10:51 am
Vietnam’s top telco Viettel debuts 5G chipset, human AI
Vietnamese telecom giant Viettel officially announced its 5G chipset and human artificial intelligence (AI) named Vi An on Monday, the opening day of the Mobile World Congress (MWC 2024) in Barcelona, Spain.
Companies - Tue, February 27, 2024 | 10:25 am
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
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
Retail major Mobile World continues store closing spree
Retail major Mobile World has placed at least four of its chain store brands on its restructuring chopping block, with fourth quarter closures possibly reaching 200 outlets.
Companies - Sat, November 25, 2023 | 9:27 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
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
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