Wednesday, May 23 2018

VietNamNews

Vinaphone targets over US$61m pre-tax profit in 2018

Update: April, 12/2018 - 18:00
Vinaphone targets a total revenue of more than VNĐ183.84 trillion and profit of nearly VNĐ5.9 trillion for 2017-20 period. — Photo fibervnnvnpt.com
Viet Nam News

HÀ NỘI — National mobile network operator Vinaphone targets a pre-tax profit of VNĐ1.4 trillion (US$61.4 million) in 2018, a year-on-year increase of 6.7 per cent.

As a wholly-owned subsidiary of Việt Nam Posts and Telecommunications Group (VNPT), Vinaphone was established for the main business of telecommunication products and services, namely information technology and broadcasting services.

Its development plan for 2017-20 period targets a total revenue of more than VNĐ183.8 trillion and profit of nearly VNĐ5.9 trillion, equivalent to a growth of 8 per cent and 10 per cent per year, respectively.

In terms of business results of 2017, Vinaphone recorded over VNĐ39.8 billion in sales and services and over VNĐ1.3 trillion in pre-tax profit. In addition to this, Vinaphone has contributed approximately VNĐ1.22 trillion to the State budget.

Last year, the corporation hit 34 million telephone subscribers, including 3.1 million fixed-line subscribers and 31.1 million mobile subscribers, besides 4.6 million internet subscribers.

Vinaphone’s total investment last year was VNĐ646.5 billion. — VNS

 

 

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