Vietnam’s Mobile World sales rises
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Vietnam’s Mobile World saw a 43 per cent jump in revenue in the first five months of this year.
The mobile device and consumer electronics retailer posted net sales of VND37 trillion (US$1.61 billion) and an after-tax profit of $55.8 million, 44 per cent up year-on-year.
Of its divisions, electronic retail arm Dien May Xanh accounted for 56 per cent, mobile phone retail chain The Gioi Di Dong 41 per cent, and its fledgling grocery chain Bach Hoa Xanh 3 per cent.
According to Mobile World’s CEO Tran Kinh Doanh, the company plans to expand Bach Hoa Xanh to 1000 stores in Ho Chi Minh City, and more in other provinces.
The Gioi Di Dong chain has scaled down its network to 500 stores this year after closing six stores.
Questions & Answers
Q.What were Mobile World's total net sales and after-tax profit for the first five months of this year?
What were Mobile World's total net sales and after-tax profit for the first five months of this year?
Mobile World reported net sales of VND37 trillion (US$1.61 billion) and an after-tax profit of US$55.8 million for the period. These figures represent a 43 per cent jump in revenue and a 44 per cent increase in profit year-on-year.
Q.Which of Mobile World's divisions contributed the most to its overall revenue?
Which of Mobile World's divisions contributed the most to its overall revenue?
The electronic retail arm, Dien May Xanh, was the largest contributor, accounting for 56 per cent of Mobile World's revenue. The mobile phone retail chain, The Gioi Di Dong, contributed 41 per cent.
Q.What are Mobile World's expansion plans for its Bach Hoa Xanh grocery chain?
What are Mobile World's expansion plans for its Bach Hoa Xanh grocery chain?
Mobile World plans to expand Bach Hoa Xanh significantly. The company intends to open 1000 stores in Ho Chi Minh City, with further expansion planned for other provinces across Vietnam.
Q.How has the store count for The Gioi Di Dong mobile phone chain changed recently?
How has the store count for The Gioi Di Dong mobile phone chain changed recently?
The Gioi Di Dong chain has scaled down its network this year. After closing six stores, its current network now stands at 500 outlets.
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