Viettel Global's consolidated revenue exceeds $1 billion

March 31, 2023 | 14:46

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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.

The company generated consolidated revenue of over $1 billion in 2022, representing an increase of $187.5 million on-year. Expenditure increased only slightly, bringing gross profit from $163.6 to $446.7 million. Meanwhile, the gross profit margin on sales surpassed 40 per cent to reach 46.4 per cent.

Revenue from Africa and Southeast Asia grew to a combined total exceeding $900 million for the first time, making a significant contribution to the company's growth last year.

Viettel Global's consolidated revenue exceeds $1 billion

Specifically, revenue from Africa increased by 28 per cent to $460 million. Meanwhile, revenue from the Southeast Asia market increased by 24 per cent to $447 million. Revenue from the Latin American market reached $97 billion.

Affiliated companies generated $10.6 million, an increase of about $85 million compared to the previous year.

Viettel Global recorded a pre-tax profit of over $127.5 million for the first time last year, more than tripling the $37.4 million achieved in 2021.

After-tax profit reached $65.5 million, while after-tax profit of parent company shareholders hit $35.4 million.

By the end of 2022, Viettel Global had posted total assets of more than $2.14 billion and equity of more than $1.24 billion.

Viettel Global posts impressive H1 profits

Following the growth momentum of the previous quarter, Viettel Global continued to post strong revenue and profit in the second quarter of the year.

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.

By Thanh Van

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