Friday , December 9 2022

Yeah1 profits double in Q3

Online entertainment company Yeah1 said profits for the third quarter nearly doubled from the previous one to VND14.8 billion (US$597,000).

The profits for the first nine months topped VND22 billion, as against losses of over VND253 billion a year earlier, on revenues of VND207 billion, a year-on-year decline of 76%.

More than half the revenues came from media and advertising consultancy and event organization.

The company, whose equity stands at over VND900 billion, plans to increase it this year by issuing 78.6 million new shares to invest in digital media, tech media and fintech.

Yeah1 targets revenues of VND588 billion this year, down 45% from last year and the lowest since 2017.

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