News · VnExpress

Thế Giới Di Động reports nine-month profit above full-year target

MWG's after-tax profit in the third quarter exceeded VND 3,521 billion, up 97% year on year and above the record VND 3,355 billion in the second quarter. Nine-month profit reached VND 9,634 billion, up 93% and nearly 5% above the VND 9,200 billion full-year target. Third-quarter net revenue rose 32% to VND 52,614 billion, while cost of goods sold grew only 27%, lifting the gross margin from 18.8% to 21.7%. Selling expenses rose more than 50% to VND 6,887 billion, while financial income reached VND 1,162 billion, helped by large deposits and investments. However, nine-month net operating cash flow was about VND 3,044 billion, down by more than half, while inventory rose nearly 29% to over VND 35,000 billion.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Thế Giới Di Động báo lãi 9 tháng vượt kế hoạch cả năm

Read the original on VnExpress ↗

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MarketVietnam stocks
ExchangeHOSE
SectorRetail
IndustryBroadline Retailers
Market cap111,710 bn VND
P/E11.3
P/B3.27
Close on 10/28/202676.00
Change that session+0.40%
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