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Foreign work gives Viettel $28m profit

Update: November, 28/2013 - 09:15
Viettel's workers install communications cables in Mozambique. Foreign markets have brought a profit of nearly VND600 billion for the corporation. Photo courtesy of Viettel Corporation

HA NOI (VNS)— Business operations abroad brought a profit of VND592.2 billion (US$28.2 million) for Viettel Global Investment Joint Stock Company in its 2013 third quarter, according to the firm's report.

The Viettel Corporation member gained VND3.1 trillion ($147.6 million) in revenue in the third quarter. Its total revenue reached nearly VND7.9 trillion ($376.1 million) in the first nine months, over a third more (35.2 per cent) than the same period last year.

The report shows that its nine-month total assets increased by VND5 trillion ($238 million), reaching more than VND21.4 trillion ($1.01 billion).

Viettel Global invests in telecommunications in Laos, Cambodia, Timor Leste, Mozambique, Cameroon and Haiti. Apart from Cameroon, where the company suffered a loss of VND57.8 billion ($2.7 million), the remaining markets have brought it profits.

Cambodia contributes the largest amount of profits with VND277.3 billion ($13.2 million), followed by Mozambique with VND178.3 billion ($8.4 million).

Viettel Global has six subsidiaries, including Viettel Overseas, Viettel Cambodia, Movitel,Viettel Timor Lesteand Viettel Cameroon. — VNS

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