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MobiFone announces 2016 audited financial statement

Update: May, 31/2017 - 19:30
MobiFone recently released its audited financial statement for the last year, accord to which net revenue of sales and services reached nearly VNĐ35.08 trillion (US$1.54 billion). — File Photo
Viet Nam News

HÀ NỘI — MobiFone Telecommunications Corporation (MobiFone) recently released its audited financial statement for the last year, following which net revenue of sales and services reached nearly VNĐ35.08 trillion (US$1.54 billion).

The revenue increased nearly VNĐ3.70 trillion over the previous year, equivalent to a year-on-year increase of 12 per cent, reported the Tri Thức Trẻ online newspaper.

However, the group’s pre-tax profit decreased 27 per cent from VNĐ7.1 trillion in 2015 to VNĐ5.03 trillion last year and profit after tax decreased 22 per cent year-on-year to VNĐ4.22 trillion.

MobiFone also said last year was the first year that AVG saw profit of VNĐ54 billion. The acquisition of AVG is part of the group’s business development strategy in the 2016-20 period based on the four pillars of telecommunications and IT, television, distribution and retail, and multi-services. In addition to AVG, MobiFone also has three other subsidiaries -- MobiFone Services, MobiFone Plus and MobiFone Global.

MobiFone has targeted the whole corporation’s total revenue to reach VNĐ44.21 trillion this year, of which the parent company’s revenue is expected to reach VNĐ39.67 trillion. Pre-tax profit and after-tax profit are estimated at VNĐ5.59 trillion and VNĐ4.47 trillion, respectively. The investment capital for development is estimated at VNĐ10.20 trillion. — VNS

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