This is the 4th consecutive year that Mobile World Investment Corporation (HoSE: MWG) was highly ranked in Vietnam's Top 50 best performing companies award, voted by Nhip Cau Dau Tu Magazine. Right after listing in HOSE, MWG was immediately recorded as the winner of this award in 2015. The Company has successfully maintained its impressive track records with 2 times of the champion and 2 times of the runner-up.
The robust growth of MWG has contributed considerably to the development of Vietnam stock market, together with other US$ billion market-cap companies. The award is determined by three measures: revenue, return on equity (ROE) and stock return on equity. This achievement of MWG indicates not only strong corporate governance has but also commitment to bring good returns to investors.
As the Number 1 retail in Vietnam, MWG has successfully achieved and ahead its revenue and profit targets over years. In 2017, MWG recorded its revenue and net profit after tax (NPAT) at VND66,340 billion and VND2,207 billion respectively, equivalent to 49% revenue YOY growth rate and 40% NPAT YOY growth rate. In 2016, the revenue and NPAT recorded an YOY growth rate of 80% and 47% respectively compared to 2015. In first four months of 2018, the company's revenue and NPAT increased by 43% and 44% respectively compared to the same period last year. In 2018, MWG continues its effort to refine the winning formula for Bach Hoa Xanh - the key growth driver for the whole group from 2020. As of 30 April 2018, Bach Hoa Xanh has 367 stores, covering 19/24 districts of Ho Chi Minh City. The recent change in location strategy that concentrates on 2nd tier streets instead of getting deep into the residential areas has proven positive signals. The newly-opened BHX stores in April recorded an estimate monthly revenue of more than 1 billion VND/store.
Mr. Nguyen Duc Tai said in the event organized by Nhip Cau Dau Tu Magazine: 'I would like to express my sincere gratitude to MWG's entire employees, who always believe in the company and devotedly work for the benefits of the clients. Our staffs definitely deserve for this award thanks to their enormous effort to provide excellent customer experiences'.
Mobile World Investment Corporation published this content on 11 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 June 2018 17:27:05 UTC