Digiworld enjoys bumper first quarter

Friday, Apr 10, 2020 12:04

Inside a warehouse of Digiworld Corporation (HoSE: DGW). Total inventories were worth VND1.45 trillion at the end of 2019. — Photo baodauthau.vn

Electronic and computing retailer Digiworld Corporation has estimated that its first-quarter revenue and post-tax profit increased 63 per cent and 80 per cent year-on-year.

The figures rose to VND2.24 trillion (US$96 million) and VND45 billion in the first three months, respectively.

Sales of laptops and tablets soared 69 per cent year-on-year to VND791 billion in the January-March period. Sales of mobile phones almost doubled to VND1.14 trillion in the same period, largely thanks to a promotional offer on Chinese-made Xiaomi products.

The company forecasts its whole-year revenue will be up a fifth to VND10.2 trillion from last year’s figure and post-tax profit will add nearly 24 per cent year-on-year to VND202 billion.

After the first three months, Digiworld has fulfilled 22 per cent of both its revenue and post-tax profit goals for 2020.

In 2019, total revenue was nearly VND8.5 trillion and post-tax profit was VND163.2 billion.

Digiworld had charter capital of VND419.5 billion and equity capital of VND924.8 billion on December 31, 2019. Total liabilities were worth VND1.48 trillion, including short-term liabilities of VND1.47 trillion.

Total assets were worth VND2.4 trillion with short-term assets accounting for 95 per cent of the total. Of all short-term assets, inventories were worth VND1.45 trillion.

Digiworld shares (HoSE: DGW) dropped 2.2 per cent to trade at VND21,900 apiece on Friday morning session. — VNS

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