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Mobifone releases profit report of $100m in first quarter

Update: April, 11/2015 - 08:55
A transaction office of MobiFone. The company earned $100 million in profits during Q1. — Photo vneconomy.vn

HA NOI (VNS)— Viet Nam's second largest mobile network operator, MobiFone, earned nearly VND2.10 trillion (US$100 million) in profits during the first quarter of this year, according to VnEconomy.

MobiFone General Director Le Nam Tra said at a Ministry of Information and Communications meeting late last week that the result was about 30 per cent of the company's target for 2015.

During the first quarter, the firm reported about VND8.56 trillion ($407.62 million) in turnover, reflecting a 4.6 per cent year-on-year surge and representing 28.5 per cent of the annual quota.

Tra said the company expected to reach VND9.46 trillion ($450.48 million) in turnover and VND1.78 trillion ($84.76 million) in profit during the second quarter, following the addition of about three million new subscribers. — VNS

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