Mobile World’s 3Q after-tax profit rises 32% to $36.9 million

Mobile World Investment Corp. (HoSE: MWG) reported nine-month after-tax profit at $128.7 million, up 36% year-on-year, completing 83% of whole-year goal.

In 9 months, the company recorded $3.3 billion revenue, up 17% from a year ago.

The company planned $4.68 billion revenue and $154 million after-tax profit for the whole-year of 2019. With the current results, the company has achieved 72% and 83% of revenue and profit goal respectively.

As of end-September, the multi-sector retailer has total assets of $1.4 billion. Earning per share in 9 months reached $0.29.

Mobile World had opened a total of 725 Bánh Hóa Xanh grocery retail stores across the country as of August 31, 2019. Forty-four percent of all stores were located in the southern region.

In May, MWG shares increased sharply to $5.5 from $3.5 each share.