The MobiFone Telecommunications Corporation's aggregate profit in the first half of this year reaches VND3.96 trillion ($182 million), increasing 7.96 per cent year on year. — Photo VMS/vietnamplus.vn

HA NOI (Biz Hub) — The MobiFone Telecommunications Corporation's aggregate income in the first half of this year is estimated at VND18.7 trillion (US$860 million), a year-on-year increase of 7.85 per cent.

The corporation's aggregate profit reached VND3.96 trillion ($182 million), increasing 7.96 per cent year on year, Cao Duy Hai, MobiFone's general director, said at a conference on July 15 to review the firm's first-half performance. The company has earned 49.28 per cent of the profit it has targeted this year, Hai said.

The market share of MobiFone has increased by 0.4 per cent compared to the same period last year, with the company attracting 5,937,905 new subscribers, taking the total number of its subscribers to 48,998,091.

The corporation aims to develop five million new subscribers in the last six months of this year and earn a profit of VND3.34 trillion ($153.6 million).

However, the corporation faces some challenges in the second half of the year. They are related to implementing 4G (fourth-generation network) technology, completing its plan to issue shares, diversifying its products and services and expanding its international business, Le Nam Tra, chairman of the corporation, said. — VNS