Viettel achieved record profit of nearly US$1.7 billion in the first 11 months, far surpassing Mobifone

By Minh An - Dec 07, 2017 | 07:23 AM GMT+7

TheLEADERAccording to the representative of the Military Telecom Corporation (Viettel), the Corporation’s revenue in November reached more than VND20,367 billion (US$898 million) and the revenue accumulated to November was VND218,916 billion (US$9,65 billion).

Viettel achieved record profit of nearly US$1.7 billion in the first 11 months, far surpassing Mobifone
Viettel's profits is much higher than that of Moifone

The business results of Viettel and other telecom companies were disclosed a State management review conference.

Viettel’s profit reached VND3,358 billion (US$148 million) in November only and the profit accumulated until November was VND37,880 billion (US$1.7 billion).

According to Vietnam Posts and Telecommunications Group (VNPT), the Group’s revenue reached 95 per cent of the plan, an 18 per cent year-on-year increase. Mobile subscribers increase steadily and broadband subscribers increased by 39 per cent over the same period last year.

Regarding MobiFone Telecommunications Corporation (MobiFone), MobiFone had 843,000 new subscribers in November, equaling 93 per cent of the plan.

Mobifone's revenue in November reached VND3,826 billion (US$168.7 million) and revenue accumulated to November was VND38,767 billion (US$1,71 billion). The profit in the first 11 months was estimated at VND5,245 billion (US$231,26 million).