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
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
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 - 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
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 - 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
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 - 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
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 - 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
Singapore-based fund sells 2.4 mln shares in retail major Mobile World
Arisaig Asian Fund Limited, a member fund of Arisaig Partners (Singapore), sold nearly 2.4 million MWG shares in Vietnamese retail giant Mobile World Investment Corp. on April 11 for the purpose of investment restructuring.
Finance - 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
Retail major MWG's 2022 profit drops 16% to 174 mln
Vietnamese retail giant Mobile World Investment Corp. (MWG) reported an after-tax profit of VND4,101 billion ($174 million) in 2022, down 16% year-on-year, fulfilling 65% of its plan.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mobile World slides backward on lower-than-expected profit: chairman
Mobile World Investment Corporation (MWG) is "sliding backward" as its 2022 profit is expected to reach VND4.4 trillion ($177.6 million) or 90% of last year’s figure, said the firm’s chairman Nguyen Duc Tai.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mobile World reports $140 mln profit in 9 months
The Mobile World Investment Corporation recorded after-tax profits of VND3,483 billion ($140 million) in the first nine months of the year, up 4% year-on-year, fulfilling 55% of the year's plan.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major MWG expects 50% online sales growth
With its Omni-channel retail strategy, Mobile World Investment Corporation (MWG) expects online sales to continue growing by 50% in 2022 and increase its contribution in total revenue to 15%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Multi-sector corporation Masan steps up retail pharma game
Masan, one of Vietnam’s largest listed conglomerates by market capitalization, has made another move in the drug distribution business.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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