ICT giant CMC sees profit exceed 40 per cent of plan for H1

Tuesday, Oct 24, 2023 09:22

Workers of ICT giant CMC. CMC sees profit exceed 40% plan for H1. — Photo CMC

CMC Corporation, the second largest Information and communications (ICT) group in Việt Nam, announced 6-month revenue at VNĐ3.9 trillion (US$158.6 million), completing 90 per cent of the plan set out for H1.

Pre-tax profit reached VNĐ245 billion, completing 140 per cent of H1's plan.

CMC said that these were positive results in the context that Việt Nam's economic situation was facing many difficulties due to the economic recession and inflation problems.

On the stock market, CMC stock, coded CMG, is priced at VNĐ47,700 per share, an increase of more than 19 per cent compared to the last trading session last year (December 31, 2022).

In 2023, CMC targets revenue of VNĐ10.2 trillion and pre-tax profit of VNĐ484.6 billion, an increase of 22 per cent and 21 per cent respectively compared to the previous year's results. — VNS

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