Viettel Global (VGI) revenue grows for 11th consecutive quarter, 9-month profit increases by 162%
Wednesday, November 20,2024AsemconnectVietnam - Viettel Global Investment Joint Stock Corporation (Viettel Global - stock code VGI) has just announced its consolidated financial report for the third quarter of 2024. Accordingly, Viettel Global's net revenue continues to grow impressively by 25%.
The report shows that Viettel Global's sales and service revenue reached nearly VND9,130 billion, up 25% compared to the third quarter of 2023, 5 times higher than the world's telecommunications growth rate (4.1% according to Gartner). Viettel Global recorded 11 consecutive quarters of net revenue growth compared to the same period.
In the third quarter, sales and service revenue in all Viettel Global markets had typical growth such as Lumitel in Burundi increased by 80%, Natcom in Haiti increased by 28%, Movitel in Mozambique increased by 21%, Telemor in East Timor increased by 20%.
In particular, the revenue of e-wallet companies grew very impressively such as Lumicash (Burundi) increased by 82%, M_mola (Mozambique) increased by 80%, Halopesa (Tanzania) increased by 45%, Emoney (Cambodia) increased by 16%.
In the first 9 months of 2024, Viettel Global's revenue reached VND25,724 billion - an increase of 25%, pre-tax profit reached VND6,037 billion - an increase of 162% and after-tax profit reached VND3,477 billion - an increase of 343% compared to the first 9 months of 2023.
In 2024, Viettel Global's markets won many prestigious international awards. Most recently in October 2024, at the Stevie Awards International Business Awards ceremony, Viettel Burundi and Viettel Cambodia won big with 05 awards, including 2 gold awards and 3 silver awards, mainly for digital products and services. The consecutive receipt of international awards is a great source of pride and well-deserved recognition for the efforts of Viettel Market Companies after many years of continuous innovation to transform from a leading telecommunications enterprise to a leading digital service enterprise.
A series of prestigious international awards are also proof of the right strategies that Viettel Global is pursuing. That is to open up business space in both depth and breadth. In depth, to develop sustainably and effectively, Viettel Global maintains the No. 1 position and continues to expand new services in the market such as Data Center, Cloud, E-wallet, convenient digital services for the government and people... In breadth, at the invitation of countries, Viettel Global continues to survey new markets to seek investment and business opportunities.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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