Viettel Global posts increasing profits

Viettel Global announced its consolidated business results for the fourth quarter of 2023 on January 30. Accordingly, its total consolidated revenue increased by nearly 35 per cent in the fourth quarter of 2023 compared to the same period last year.

The consolidated revenue from sales and service provision increased by 25 per cent due to the growth in most markets. Movitel in Mozambique climbed by 25 per cent, while Natcom in Haiti rose by 18 per cent. Mytel in Myanmar grew by 55 per cent, while Telemor in East Timor increased by 15 per cent and Metfone in Cambodia jumped by 11 per cent.

Viettel Global saw its revenue from core services grow for four consecutive quarters compared to the same periods last year.

E-wallet companies also recorded impressive growth in the fourth quarter of 2023, such as M_mola (Mozambique) soaring by 330 per cent, Starfintech (Laos) surging by 126 per cent, Telemor Fintech (East Timor) jumping by 109 per cent, Halopesa (Tanzania) growing by 29 per cent, and Emoney (Cambodia) climbing by 19 per cent.

In particular, Viettel Haiti accounted for the largest share in Haiti's mobile telecommunications market. As a result, Viettel ranked first in terms of market share across six countries.

​In Q4/2023, Viettel Global generated VND1.29 trillion ($54.4 million) in pre-tax profit and more than VND700 billion ($29.5 million) in after-tax profit. Meanwhile, its gross profit margin continued to reach a high level of 55 per cent in the given quarter, up by 43 per cent on-year.

In 2023, Viettel Global's revenue from sales and service provision stood at more than VND28 trillion ($1.18 billion), an increase of 19 per cent compared to 2022. Its consolidated pre-tax profit reached more than VND3.6 trillion ($151.9 million), up 19 per cent. The company also posted a consolidated after-tax profit of VND1.48 trillion ($62.4 million). Furthermore, its gross profit margin reached more than 50 per cent for the whole year.

Viettel Global had total consolidated assets of nearly VND53 trillion ($2.2 billion) last year, up by more than VND2 trillion ($84.4 million). Finally, its equity grew by VND1.23 trillion ($51.9 million).

Viettel Global posted revenue of nearly $500 million in the first half of 2022 The strong growth of the African market has made a significant contribution to the overall results of Viettel Global.

Viettel Global posts pre-tax profit of nearly $96.6 million in Q3 Following the growth momentum of the first two quarters of 2022, Viettel Global continued to record its best third-quarter business results ever in terms of both revenue and profit.

Viettel Global's consolidated revenue exceeds $1 billion Viettel Global has just announced its 2022 consolidated financial statements audited by Deloitte Vietnam with the highest ever revenue and pre-tax profit recorded in the telecom giant's history.