Viettel World, a part of military-run telecom big Viettel, has established a brand new report in its income in 2021 regardless of the turbulences of the yr.
The corporate (ticker VGI in UpCom) has simply introduced its consolidated enterprise outcomes for 2021 audited by Deloitte Vietnam, one of many ‘Large 4’ in Vietnam’s finance and accounting subject.
Accordingly, VGI’s consolidated income prior to now yr reached $836.6 million, a rise of $12.17 million in comparison with 2020, marking the very best income degree within the firm’s improvement journey.
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| Viettel World’s consolidated income throughout 2010-2021 interval; Unit: Trillion VND |
Regardless of only a modest progress of practically 2 per cent in comparison with the earlier yr, the end result stays constructive as VGI recorded a lower of $69.5 million in income following a brand new regulation of the Ministry of Finance (MoF) on recording income from telecommunications providers.
| VGI’s consolidated income prior to now yr reached $836.6 million, a rise of $12.17 million in comparison with 2020, marking the very best income degree within the firm’s improvement journey. |
Accordingly, income from promoting pay as you go telecommunications playing cards should be decided primarily based on the precise quantity utilized by prospects within the interval.
The proceeds from card gross sales that remained unused by prospects, which amounted to the lacking $69.5 million in 2021, should thus not be mirrored in revenues throughout the interval, however shall be shifted into unrealised income based on MoF’s new coverage. This diminished income can be accounted for in 2022.
When it comes to income construction, the corporate’s enterprise in Africa witnessed a formidable progress of 28 per cent from $287.2 million to $367.5 million. Southeast Asia and Latin America posted $369.7 million and $99.3 million, respectively.
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| Viettel World’s region-based income construction in 2020 and 2021; Unit: Billion VND |
After deducting bills, VGI counted $38.2 million in pre-tax income and $15.08 million in post-tax income. In comparison with the report drawn earlier than the audit, though the revenue earlier than tax shed by $4.9 million, VGI’s post-tax revenue rose sharply by $24.6 million.
By the top of 2021, VGI had complete consolidated property reaching $2.29 billion and fairness amounting to $1.24 billion. On the inventory trade, VGI shares are at present hovering round $1.5 a bit, up practically 10 per cent in comparison with the start of the yr – equal to a market capitalisation of greater than $4.69 billion.
On January 12, Nguyen Thi Hai Ly was appointed chairwoman of Viettel World’s board of administrators to supersede Tao Duc Thang who was not too long ago appointed to carry the place of the chairman and basic director of Viettel Group.