WinMart’s loss triples in 2022
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WinCommerce, the operator of WinMart retail chain, saw its loss tripling from 2021 to VND445 billion ($18.97 million) last year.
Since being acquired by Masan Group from Vingroup in 2019, WinCommerce has not been able to turn a profit.
Its revenues declined 5% to VND29.37 trillion last year. Its equity rose marginally to VND3.98 trillion, and debts were at VND14.32 trillion.
WinCommerce is Vietnam’s biggest retailer in terms of number of outlets. It had 3,268 WinMart+ stores and 130 WinMart supermarkets by the end of December.
Questions & Answers
Q.How much did WinMart's loss increase from 2021 to 2022?
How much did WinMart's loss increase from 2021 to 2022?
WinCommerce, the operator of WinMart, saw its loss triple in 2022. The company's loss for the year amounted to VND445 billion ($18.97 million).
Q.When was WinCommerce acquired by Masan Group?
When was WinCommerce acquired by Masan Group?
Masan Group acquired WinCommerce from Vingroup in 2019. Since this acquisition, the retail chain has not managed to achieve profitability.
Q.What were WinCommerce's revenues in 2022?
What were WinCommerce's revenues in 2022?
WinCommerce's revenues in 2022 declined by 5% compared to the previous year. Last year, their revenues stood at VND29.37 trillion.
Q.How many WinMart stores did the company operate by the end of December?
How many WinMart stores did the company operate by the end of December?
By the end of December, WinCommerce operated a total of 3,398 stores. This figure includes 3,268 WinMart+ stores and 130 WinMart supermarkets.
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