(NADS) - Mobile World Investment Corporation (MWG) has announced impressive business results for the first 4 months of 2024, with net revenue reaching over VND 43,000 billion, up 16.8% over the same period last year, equivalent to 34% of the yearly plan. Major contributors to this revenue are the Dien May Xanh (DMX) chain, the Bach Hoa Xanh (BHX) chain and Mobile World (TGDĐ) including TopZone.
According to the report on revenue structure, DMX accounted for the largest proportion with 47.6%, followed by BHX with 28.8% and TGDĐ with 20.7%. In particular, revenue from air conditioners and cooling equipment had a strong breakthrough in April, contributing significantly to the overall results. Specifically, total revenue from the two chains DMX and TGDĐ in April reached 8,000 billion VND, an increase of 25% compared to March.
BHX also recorded impressive revenue, reaching VND12,400 billion in the first 4 months of the year, up 43% over the same period. In April alone, revenue reached VND3,200 billion, up nearly 6% over the previous month, thanks to increased purchasing power during the holidays. The average revenue of each BHX store reached approximately VND1.9 billion/month, exceeding the VND1.8 billion of the first 3 months of the year and continuing to move towards the expected threshold of VND2 billion.
Board member Doan Van Hieu Em emphasized that MWG has carefully prepared goods, human resources and promotional programs, ensuring that customers do not have to pay any additional costs for delivery and installation services. "We are confident that MWG's results will be different, especially in the CE industry when the hot season comes earlier and lasts longer than every year," Mr. Hieu Em shared.
Regarding business strategy, MWG has carried out a comprehensive restructuring since the fourth quarter of last year, helping to reduce operating costs and improve business efficiency. BHX General Director Pham Van Trong said that he will continue the strategy of increasing revenue and optimizing costs, especially in the field of store operations and logistics, to contribute positively to the group's profits in 2024.
MWG shares have recovered strongly, increasing by about 75% from below VND 36,000 at the end of October 2023 to the current VND 61,000/share (May 28). With the growth of the two chains DMX and BHX, MWG is attracting great attention from foreign investors, with a net purchase of nearly 70 million shares in the past 3 months.
In the future, MWG expects to maintain its growth momentum and achieve its set goals, while continuing to improve its profits and business efficiency. This is a clear demonstration of MWG's thorough preparation and sharp business strategy in a challenging market context.
Source: https://nhiepanhdoisong.vn/mwg-ghi-nhan-doanh-thu-an-tuong-voi-hon-43-000-ty-dong-may-lanh-tiep-tuc-la-ngoi-sao-sang-14629.html
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