News · VnExpress

VNG posts first profit exceeding 1,000 billion VND

VNG's third-quarter revenue reached over 3,360 billion VND, up 22% year on year, and after-tax profit of 420 billion VND extended its run to three consecutive profitable quarters. For the first nine months, revenue totaled over 9,230 billion VND and after-tax profit reached 1,012 billion VND, the first time the company has crossed the 1,000 billion VND mark since listing at the end of 2022. Online games remained the main driver at about 66% of revenue, while fintech service Zalopay's revenue nearly doubled to 750 billion VND. As of end-September, total assets were nearly 13,000 billion VND and liabilities nearly 11,700 billion VND, and the company expects AI products and services to account for at least 20% of revenue by 2030. VNZ shares closed the last session of October at 533,000 VND, giving a market capitalization of over 16,000 billion VND.

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

Original headline: VNG lần đầu lãi hơn 1.000 tỷ đồng

Read the original on VnExpress ↗

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