MobiFone Telecommunications Corporation, one of Viet Nam’s three largest mobile network operators, posted pre-tax profit of nearly VND6.05 trillion (US$258.33 million) in 2018, fulfilling its target for the year and representing a rise of 7.5 per cent compared to 2017.
MobiFone has reported a year-on-year decline of 42 per cent in post-tax profit in the second quarter of this year, falling to VND947 billion (US$41 million).
The revenue of Vietnamese network operators has suffered an uncharacteristic low in the first quarter of this year due to new legislation reducing top-up promotions for pre-paid subscribers from 50 per cent to 20 per cent.