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Mobile World targets $1b revenue in 2015

Update: December, 30/2014 - 09:02
HCM CITY (VNS) — National mobile phone retail giant The Gioi Di Dong (Mobile World) will introduce hitherto unseen services and products as it strives to reach next year's turnover target of US$1 billion, its chairman Nguyen Duc Tai said yesterday.

The biggest mobile phone retailer in the country also aims at post-tax profits of VND886 billion ($42 million) the next year, Tai told Viet Nam News.

He said that the company had obtained good results in 2014 with estimated revenues of VND15.8 trillion ($752 million) and after-tax profits of VND670 billion ($32 million). These figures mark year-on-year increases of 66 per cent and 159 per cent respectively.

The company also opened 350 new and outlets this year.

Tai declined to disclose details, but said the company will further improve its service to better tap the high market potential.

"We may introduce services and products that none of the retailers have done before," he said.

An additional 123 outlets will be opened in 2015, helping the company obtain 40 per cent of the market share, he added. — VNS

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