Ho Chi Minh City, October 23rd, 2017, Digiworld Corporation (“DGW”) released the 3rd quarter business results report, and completed the acquisition of C.L Company Limited.
According to the 3rd quarter business results report, Digiworld announced its consolidated profit after tax of VND27.1 billion, net revenues of VND1,144 billion; up 14.2% and 10% quarter on quarter respectively. In the cumulative 9 months, Digiworld’s revenue reached VND2,696 billion and profit after tax reached VND56.1 billion; fulfilling yearly plan (VND55 billion).
Detailed year on year and Quarter on quarter data comparison table:
|Business results||3Q2016||2Q2017||3Q2017||QoQ||Vs. 2Q|
|Laptops and tablets||612||477||742||21.2%||55.6%|
|Profit after tax||23.77||20.41||27.14||14.2%||33.0%|
Note: Component revenue and total amount may be different due to rounding to VND billion unit.
The 3rd Quarter earning achieved robust growth thanks to the exploitation of the market expansion services (MES), bringing in more added value to the new product lines.
Remarkably, in the 3rd quarter, Digiworld acquired 50.3% of CL Company Limited via its subsidiary Digiworld Venture. Founded in 1998, CL specializes in distributing high-end FMCG products from Japan such as Kodomo Toothpaste, Zact Lion whitening toothpaste, Systema toothbrush, Essense detergent liquid, Bio Zip detergent powder, Bubbi King dishwashing liquid, etc. CL’s distribution network covers 63 provinces, including traditional channels and major supermarket store chains.
Well known Janpanese dental products distributed by CL
In addition, CL is known as the sole partner of Lion Corporation, the leading Japanese corporation in FMCG with annual revenues reaching more than USD3.4 billion (about VND77 trillion), with total staff of nearly 6,900 people. Lion’s portfolio includes oral care, body care, clothing care, home care, kitchen care and other health care and beauty care products. Lion’s toothpaste is renowned for being the top selling product in the Japanese market.
With CL’s FMCG distribution network and Lion’s diversified and reputable product portfolio, this will be the ultimate platform for Digiworld to quickly penetrate, expand and exploit this promising industry in the future.