Mobile World sees net profit up 52%

Monday, Nov 02, 2015 08:00

HA NOI (Biz Hub) — Mobile World Investment Corporation (MWG) saw an increase in both revenue and net profit in the first nine months of this year.

The company's revenue was VND17.5 trillion (US$778 million), an increase of 62 per cent over a year earlier and equal to 74 per cent of this year's plan.

The company's net profit rose 52 per cent over a year to VND744 billion ($33 million), equal to 84 per cent of this year's target.

Mobile phones remained the most important part in the company's business, contributing 59 per cent of the company's profit, followed by tablets and laptops with 11 per cent.

This year, MWG has opened 141 new Mobile World stores and 19 new Green Electronics in the country, raising its total number of stores to 521. — VNS

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