Viettel International posted income of practically $500 million within the first half of 2022

The sturdy progress of the African market has made a major contribution to the general outcomes of Viettel International.

Viettel Global posted revenue of nearly $500 million in the first half of 2022

Viettel International has introduced its consolidated interim enterprise outcomes which have been reviewed by Deloitte Vietnam.

In contrast with the impartial monetary statements, there are not any vital modifications within the evaluation outcomes.

Within the first half of 2022, Viettel International generated about $480 million in consolidated income, up 19 per cent in comparison with practically $405.5 million in the identical interval final yr.

Viettel International noticed a pointy improve in income whereas it recorded a slight improve of solely $4.26 million in value of products. In consequence, its gross revenue climbed by virtually one and a half occasions, from $151.55 million to $224.55 million. Gross revenue margin over income reached practically 47 per cent.

Viettel Global posted revenue of nearly $500 million in the first half of 2022

By way of the markets the place Viettel International invests and consolidates income, the African area continued its sturdy progress with a contribution of $204.9 million. Southeast Asia’s income within the first half of this yr was $215.6 million and Latin America reached $60.19 million, up 15 per cent and 10 per cent, respectively.

Viettel International is in a beneficial monetary place because of the sturdy progress of related corporations (not consolidating income) within the Laotian and Myanmar markets. Figures from monetary statements present that within the first six months of the yr, income from joint ventures and related corporations rose by greater than $85 million over the identical interval.

In keeping with Viettel International, all market companies reported excessive progress charges with double-digit progress within the first six months of 2022.

In mild of the beneficial components, Viettel International noticed its consolidated pre-tax revenue impressively bounce 4.4 occasions from $30.74 million to $134.89 million within the first half of the yr. After-tax revenue of shareholders of the mum or dad firm reached $90.07 million. That is the perfect semi-annual enterprise end result for Viettel International with Q1 and Q2 being the 2 most worthwhile quarters ever.

By the tip of the second quarter of 2022, Viettel International had whole consolidated property of practically $2.5 billion and fairness of roughly $1.3 billion.

Viettel Global posts impressive H1 profits
Viettel International posts spectacular H1 income

Following the expansion momentum of the earlier quarter, Viettel International continued to submit sturdy income and revenue within the second quarter of the yr.

Viettel Global eyes record first-quarter profit Viettel International eyes file first-quarter revenue

Viettel International (VGI) – a part of main military-run telco Viettel Group – simply launched its 2022 first-quarter consolidated enterprise outcomes bagged as probably the most superb quarters within the firm’s historical past thus far.

Viettel Global achieved record revenue in 2021 Viettel International achieved file income in 2021

Viettel International, a part of military-run telecom big Viettel, has established a brand new file in its income in 2021 regardless of the turbulences of the yr.

By Viettel International

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