Viettel International posts growing income


Viettel International (VGI) reached a document excessive degree for its income from gross sales and repair provision and consolidated pre-tax revenue for the entire of 2023.

Viettel Global posts increasing profits

Viettel International introduced its consolidated enterprise outcomes for the fourth quarter of 2023 on January 30. Accordingly, its complete consolidated income elevated by almost 35 per cent within the fourth quarter of 2023 in comparison with the identical interval final yr.

The consolidated income from gross sales and repair provision elevated by 25 per cent as a result of development in most markets. Movitel in Mozambique climbed by 25 per cent, whereas Natcom in Haiti rose by 18 per cent. Mytel in Myanmar grew by 55 per cent, whereas Telemor in East Timor elevated by 15 per cent and Metfone in Cambodia jumped by 11 per cent.

Viettel International noticed its income from core companies develop for 4 consecutive quarters in comparison with the identical durations final yr.

E-wallet firms additionally recorded spectacular development within the fourth quarter of 2023, similar to M_mola (Mozambique) hovering by 330 per cent, Starfintech (Laos) surging by 126 per cent, Telemor Fintech (East Timor) leaping by 109 per cent, Halopesa (Tanzania) rising by 29 per cent, and Emoney (Cambodia) climbing by 19 per cent.

Specifically, Viettel Haiti accounted for the most important share in Haiti’s cellular telecommunications market. Because of this, Viettel ranked first when it comes to market share throughout six nations.

Viettel Global posts increasing profits

​In This autumn/2023, Viettel International generated VND1.29 trillion ($54.4 million) in pre-tax revenue and greater than VND700 billion ($29.5 million) in after-tax revenue. In the meantime, its gross revenue margin continued to succeed in a excessive degree of 55 per cent within the given quarter, up by 43 per cent on-year.

In 2023, Viettel International’s income from gross sales and repair provision stood at greater than VND28 trillion ($1.18 billion), a rise of 19 per cent in comparison with 2022. Its consolidated pre-tax revenue reached greater than VND3.6 trillion ($151.9 million), up 19 per cent. The corporate additionally posted a consolidated after-tax revenue of VND1.48 trillion ($62.4 million). Moreover, its gross revenue margin reached greater than 50 per cent for the entire yr.

Viettel International had complete consolidated belongings of almost VND53 trillion ($2.2 billion) final yr, up by greater than VND2 trillion ($84.4 million). Lastly, its fairness grew by VND1.23 trillion ($51.9 million).

Viettel Global posted revenue of nearly $500 million in the first half of 2022 Viettel International posted income of almost $500 million within the first half of 2022

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

Viettel Global posts pre-tax profit of nearly $96.6 million in Q3 Viettel International posts pre-tax revenue of almost $96.6 million in Q3

Following the expansion momentum of the primary two quarters of 2022, Viettel International continued to document its greatest third-quarter enterprise outcomes ever when it comes to each income and revenue.

Viettel Global's consolidated revenue exceeds $1 billion Viettel International’s consolidated income exceeds $1 billion

Viettel International has simply introduced its 2022 consolidated monetary statements audited by Deloitte Vietnam with the best ever income and pre-tax revenue recorded within the telecom big’s historical past.


By Thanh Van



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