Hanoi (VNS/VNA) — ViettelGlobal posted record pre-tax profit of 1.09 trillion VND (47 million USD) inthe second quarter of this year.
The company announced its consolidated financial report with net revenue ofmore than 4 trillion VND in the April-June period which equals that of the sameperiod last year. However, gross profit increased by 200 billion VND to 1.5trillion VND as it focused on the key telecom sector and increased averagerevenue per user (ARPU) while reducing purchasing equipment.
In addition, Viettel Global also paid attention to improving the effectivenessof financial activities and enjoying positive changes in foreign exchange rate.
In the first half of the year, its net revenue reached 7.9 trillion VND andgross profit 2.8 trillion (VND). The figures mainly came from high growth inMyanmar and Cambodia.
The company therefore achieved a pre-tax profit of 1.25 trillion VND in thefirst six months of the year.
Its share price – under code VGI – was also double in comparison with thebeginning of the year to reach 30,000 VND per share. With this price, ViettelGlobal is one of the biggest companies in the market with capitalisation of 96trillion VND.-VNS/VNA
VNA