Vietnamese unicorn VNG reports $24 million profit in 2019

In the fourth quarter, the provider of online entertainment services based on digital content and game publisher recorded over $55.5 million in net revenue and over $1.42 million in after-tax profit.

Besides the main business activities, revenue from financial activities contributed significantly to VNG's business results.

In 2019, the company’s total financial revenue reached $9.7 million. As of end-2019, VNG deposited more than VND652.8 billion.

Besides game and technology, VNG also holds 24.6% of equity in Tiki, a company operating in the field of e-commerce. And a 49% shareholding in Thanh Son Media Trading and Service Co., Ltd, main business in game prepaid game card and phone card business.

As of December 31, 2019, VNG's total assets stood at $301 million, most of which were short-term assets.