MWG announces revenue for January

Tuesday, Mar 03, 2015 08:00

HCM CITY (Biz Hub) — The Mobile World Investment Corporation (MWG) reported that its revenue in January reached VND1.77 trillion (US$84.4 million), equal to 7.5 per cent of this year's targeted revenue, VND23.59 trillion.

After-tax profit in January was VND69 billion ($3.3 million), equal to 7.8 per cent of this year's planned earnings, which was expected to reach VND886 billion.

In January, MWG's chain opened 17 new shops and opened two new stores, raising MWG's number of locations to 361 shops and 22 stores.

The company expected last month's revenue to reach VND2 trillion ($95 million).

In addition, CDH Electric Bee Limited, a British company, will sell nearly 2.8 million shares in MWG to re-invest in the Vietnamese corporation.

CDH Electric Bee now owns 12.23 per cent of MWG's chartered capital, equal to nearly 13.7 million shares.

MWG's stock price is now VND128,000 per share, after yesterday's trading session closed.

MWG will also organise the Annual Shareholders Meeting 2015 on March 6 in HCM City's Phu Nhuan District. — VNS

Comments (0)