Business

MobiFone H1 profit hits 182 million USD

The MobiFone Telecommunications Corporation's aggregate income in the first half of this year is estimated at 18.7 trillion VND (860 million USD), a year-on-year increase of 7.85 percent.
The MobiFone Telecommunications Corporation's aggregate income in thefirst half of this year is estimated at 18.7 trillion VND (860 millionUSD), a year-on-year increase of 7.85 percent.

The corporation'saggregate profit reached 3.96 trillion VND (182 million USD), increasing7.96 percent year on year, MobiFone's General Director Cao Duy Hai saidat a conference on July 15 to review the firm's first-half performance.

The company has earned 49.28 percent of the profit it has targeted this year, Hai said.

Themarket share of MobiFone has increased by 0.4 percent compared to thesame period last year, with the company attracting 5,937,905 newsubscribers, taking the total number of its subscribers to 48,998,091.

Thecorporation aims to develop five million new subscribers in the lastsix months of this year and earn a profit of 3,340 billion VND (153.6million USD).

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