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Mobile World Investment (MWG) investor relations material

Mobile World Investment Q3 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Mobile World Investment Corporation
Q3 2024 earnings summary30 Oct, 2024

Executive summary

  • Net revenue for the nine-month period ended 30 September 2024 reached VND 99.77 trillion, up 14.8% year-over-year, with net profit after tax attributable to shareholders at VND 2.87 trillion, a significant increase from VND 77.4 billion in the prior year period.

  • The Group operates across retail electronics (The Gioi Di Dong, Dien May Xanh) and grocery (Bach Hoa Xanh), with a workforce of 60,258 as of 30 September 2024.

Financial highlights

  • Gross profit for the nine-month period was VND 20.91 trillion, up from VND 16.33 trillion year-over-year.

  • Operating profit reached VND 4.23 trillion, compared to VND 555.6 billion in the same period last year.

  • Net cash flows from operating activities surged to VND 8.39 trillion from VND 2.27 trillion year-over-year.

  • Total assets increased to VND 66.9 trillion as of 30 September 2024, up from VND 60.1 trillion at year-end 2023.

  • Owners' equity rose to VND 27.28 trillion, up from VND 23.36 trillion at 31 December 2023.

Outlook and guidance

  • Management confirmed the financial statements present a true and fair view and the Group continues as a going concern.

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Frequently asked questions

Mobile World Investment Corporation (MWG), established in 2009, is a multi-category retail platform in Vietnam, known for its Omni-channel retail strategy. The corporation operates thousands of stores across the country, and its ecosystem includes several retail chains such as The Gioi Di Dong (mobile phones and accessories), Dien May Xanh (consumer electronics), Bach Hoa Xanh (fresh food and essentials), and others, serving a wide range of customer needs. The company is headquartered in Binh Duong, Vietnam, and its shares are listed on the Ho Chi Minh Stock Exchange.

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