August 05, 2020 | 20:51 (GMT+7)
Viettel Global posts USD 50.7 million before-tax profit in H1
Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of VND 1.17 trillion (USD 50.7 million) in the first half of this year, equivalent to the same period last year.
Viettel’s Global revenue rose 9.7 percent to VND 8.6 trillion in the period thanks to growth in its three markets of Southern Africa, Latin America and Southeast Asia. Its gross profit increased by nearly 19 percent to VND 3.3 trillion.
    |
 |
|
Mytel – a telecom brand of Viettel Group in Myanmar. |
A total of 51 percent of its revenue came from Southeast Asia, where its partner companies Viettel Myanmar, Star Telecom (Laos) and Metcom (Cambodia) saw double-digit growth in revenue.
Net revenue from business activities increased by 6 percent to VND 4.3 trillion the second quarter alone due to major currency fluctuations in its markets caused by the pandemic.
As of June 30, Viettel Global's total assets and owner's equities were VND 59.3 trillion and VND 29.4 trillion, respectively.
Established in 2006, Viettel Global currently operates in Cambodia, Laos, Timor Leste, Mozambique, Burundi, Haiti, Peru, Cameroon, Tanzania and Myanmar.
Source: VNA