PSNews - Viettel Global Investment JSC (Upcom: VGI), a subsidiary of the Viettel Military Industry and Telecoms Group, has just published its consolidated financial statement Q2. Accordingly, the net revenue of its business activities in Q2 reached VND 4,074 billion.
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Thanks to focusing on its core business of telecommunications services and reducing equipment trading, the gross profit of Viettel Global increased more than 200 billion to 1,487 billion dong. The gross profit margin increased 36.5%, a record high.
In addition, Viettel Global has also optimized the cash flow and improved its financial operation so that the net profit from financial activities reached VND 447 billion.
With these good performances, Viettel Global's pre-tax profit in the second quarter reached VND 1,092 billion - a record high level in recent years.
As a result, the accumulated earnings in the first 6 months reached nearly VND 7,900 billion with the gross profit jumping to VND 2,809 billion from VND 2,119 billion. This profit has mainly resulted from the good performances of its affiliates in Myanmar and Cambodia. The profit from its associates reached VND 112 billion - a sharp rise compared to the same period last year.
Viettel Global's accumulated pre-tax profit in the first 6 months reached VND 1,257 billion, recorded as the highest level in recent years. Meanwhile, the after-tax profit paid for the holding of Viettel Group was VND 711 billion – a sharp rise against the same period last year.
Thanks to its good business performances, the value of VGI share has doubled compared to the beginning of the year, and is currently hovering at VND 30,000 per share. At this price, Viettel Global is one of the largest listed in the stoke market with its market capitalization of approximately VND 96,000 billion.By Linh Bui