Digiworld records significant growth in profit, boosted by mobile phone sales

Hanoi (VNS/VNA) - Digiworld Corporation (DGW) has released its financial statement for the second quarter of 2021 with outstanding performance.

Accordingly, the company posted consolidated net revenue of 4.2 trillion VND (183.7 million USD), up 63.3 percent year-on-year, resulting in a jump of 140.6 percent in profit after tax to 116.57 billion VND.

Of which, mobile phone sales continued to grow by 87 percent in revenue to over 2.1 trillion VND thanks to the rising market share of Xiaomi's products and revenue contribution from the iPhone lines.

Meanwhile, laptop and tablet sales slowed down after strong growth in the same period last year. The segment’s revenue rose 23 percent in the second quarter compared to last year to 1.33 trillion VND, boosted by growth of all existing brands and contributions of two new brands including Apple and Huawei.

Office equipment sales reported revenue of 663 billion VND, up 122 percent. The growth was mainly due to the diversity and suitability of IoT products for different customer segments. These products are increasing and becoming the main growth driver of the office equipment segment.

For the consumer goods industry, although healthcare products are strongly affected by social distancing measures, consumer goods products like washing liquid, fabric softener and toothpaste still recorded positive signs with the revenue reaching 79 billion VND, up 34 percent.

In the first six months of the year, Digiworld recorded consolidated net revenue of 9.2 trillion VND, up 88.5 percent. Its profit after tax climbed 140.1 percent over the year to 223 billion VND.

With these results, the company has completed 61 percent of this year's plan in terms of revenue and 74 percent of profit after tax.

On the stock market, DGW shares, listed on the Ho Chi Minh Stock Exchange (HoSE), were traded at 142,000 VND per share, down 2.74 percent. For the year, DGW had increased by 73.4 percent./.