Digiworld targets revenue of $206 million in 2018

Monday, Apr 23, 2018 11:26

Digiworld executives at a shareholders’ meeting in HCM City. — VNS Photo

Digiworld Corporation (DGW) targets revenue of VND4.7 trillion (US$206 million) in 2018, an increase of 23 per cent over 2017, according to a report from the company’s annual shareholders’ meeting held in HCM City late last week.

DGW targets having consumption products, including fast-moving consumption goods and healthcare products, achieve the strongest jump in revenue, at nearly 300 per cent, followed by mobilephones, with an increase of nearly 60 per cent.

At the meeting, the company approved a plan to earn after-tax profit of VND101 billion ($4.4 million) this year, up by 29 per cent year-on-year.

The shareholders said that, based on the results of the first quarter, the annual targets for revenue and profit were feasible.

DGW reported that in the first quarter of this year, total revenue reached VND1.26 trillion ($55 million), a jump of 66 per cent year-on-year. The after-tax profit was VND19.5 billion ($855,000), up by 127 per cent.

These figures represent a record amount since the company was listed in 2015, according to the company.

Digiworld said that in the first quarter, it had reached revenue growth in all categories: mobile phones, office equipment, consumption goods (including fast-moving consumption goods and health-care products), tablets and laptops.

For 2017, Digiworld achieved revenue of VND3.8 trillion and profit of VND55 billion ($2.4 million).

Digiworld was established in 1997 as a market expansion service provider in Viet Nam and authorised distributor for more than 30 world-renowned technology brands, with a distribution network of 6,000 points of sales (POS) nationwide. — VNS

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