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Mobile World Investment (MWG) Corporation aims for net revenue of $6 billion in 2025
Mobile World Investment Corporation (MWG) held a meeting with its shareholders on May 22 to discuss operational plans for 2025 amid uncertainties.
According to MWG, April revenue stood at about VND12.5 trillion ($500 million), up more than 8 per cent on-year.
The Dien May Xanh electronics retail chain. Photo: baodautu.vn
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Of the sum, the Dien May Xanh electronics retail chain reported revenue of VND8.3 trillion ($332 million), up 13 per cent on-month, driven by major product lines such as phones, televisions, and refrigeration.
Vu Dang Linh, general director of MWG, said that the phone/electronics market grew by about 4-5 per cent in the first months of the year, but its member companies grew by about 12 per cent. The consumer goods industry grew by about 7-8 per cent.
“This year's purchasing power will have general growth of about 6-8 per cent, which is fairly low. I think purchasing power will only improve slightly for 2025-2026," he added.
Regarding tariffs concerns, he assessed that MWG may be indirectly affected when demand is affected, but it is not alarming. "The restructuring process helps us strengthen our internal strength, become more flexible, and have better resilience to market fluctuations," he emphasised.
Regarding investment, MWG has advantages in cash flow and safe financial indicators. This gives banks and their partners confidence in interest rates and trade finance. The MWG leader said that they will continue to tap into the advantages in the upcoming time.
This year, MWG expects to achieve net revenue of VND150 trillion ($6 billion) and after-tax profit of VND4.85 trillion ($194 million), up 12 per cent and 30 per cent on-year, respectively. The general director said, “MWG will not adjust its business target and will strive to complete the 2025 plan.”
The company plans to pay a cash dividend of VND1,000 ($40 cent) per share if the situation does not change significantly.
VIR
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