Tuesday , April 23 2024

Mobile World posts 22 pct profit growth

Electronics retail giant Mobile World posted a profit growth of 22 percent year-on-year in the first 11 months to VND4.39 trillion ($215.19 million).

Revenue rose 11 percent to VND110.53 trillion, with November recording the second highest revenue in a month this year.

The company saw rising demand for electronics devices in the first 11 months as Covid-19 restrictions force more people to work from home.

Laptop sales rose 52 percent year-on-year, while tablets and smartphones all saw sales rising double-digit.

Four outlets of TopZone, a new authorized Apple reseller launched in November, brought the company over VND110 billion in a month.

It plans to bring the number of outlets to 10 by the end of the year.

The company also fetched nearly VND100 billion last month from its partnership with small electronics stores where its outlets are unavailable.

It had 5,065 outlets by the end of last month, up 130 percent.

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