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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mobile World cuts 13,000 staff in half a year
Vietnam's Mobile World Investment Corporation (MWG) cut nearly 6,000 employees in the first quarter of 2023 to over 68,000, marking its second layoff in the past six months amid weakening purchasing power in the retail market, according to its financial report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Domestic retailers dominate market in Vietnam
Vietnam’s retail store market is being dominated by domestic players, according to a report by Q&ME, a local market researcher.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail chain grocery Bach Hoa Xanh’s new acting CEO refuses salary until company on track
Pham Van Trong was appointed acting CEO of Mobile World Investment Corporation's (MWG) grocery retail chain Bach Hoa Xanh at the company's 2023 general meeting of shareholders on Saturday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Headwinds' offer Mobile World chance to develop internal strength: chairman
The "headwinds" in 2022 offered an opportunity for Mobile World Investment Corporation (MWG) to focus on reviewing business operations and strengthening its internal resources, according to the firm’s chairman Nguyen Duc Tai.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam retail major Mobile World stops fashion chain, Bluetronics Cambodia
Vietnamese retail heavyweight Mobile World Group (MWG) has decided to close down its domestic fashion chain AvaSport and Cambodia electronics chain Bluetronics to focus on other business models.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam retailer Mobile World eyes Indonesia JV’s IPO after 5 years
Vietnamese retail giant Mobile World Investment Corp. (MWG), which has invested $7.3 million in an Indonesia joint venture, expects it to make an initial public offering (IPO) after five years.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mobile World to sell 20% stake in $1.5 bln grocery retailer
Vietnamese retail giant Mobile World Investment Corp. is seeking the sale of up to 20% of its grocery unit Bach Hoa Xanh in a deal expected to value the chain at more than $1.5 billion.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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