Digiworld Coporation - “DGW” announced its business result for the 4th quarter of 2021 with net revenue and profit after tax that set a record of VND 7,922 and 327 billion, respectively. Over the same period, it recorded a growth of 97% in revenue and 230% in profit.
Thus, total 12-month net revenue reached VND 20,972 billion (+67%) and profit after tax reached VND 657 billion (+146%). The company achieved 137% of the revenue target and 219% of the annual profit plan according to the business plan – VND 15,200 billion in revenue and VND 300 billion in profit. And specifically, the business result of the 4th quarter of 2021 of the following segments:
Quarter 4/2021 | Unit: billion dong | |||
Q4/2019 | Q4/2020 | Q4/2021 | YoY | |
Laptop and tablet | 724 | 1199 | 3340 | 178.6% |
Cellphone | 1330 | 2228 | 3497 | 57% |
Office equipment | 373 | 509 | 992 | 95% |
Consumer goods | 73 | 81 | 93 | 14.8% |
Net Revenue | 2500 | 4018 | 7922 | 97% |
Profit after tax | 50 | 99 | 327 | 230% |
The whole 2021 | Unit: billion dong | |||||
2019 | 2020 | 2021 | YoY | Plan of 2021 | Satisfaction rate | |
Laptop and tablet | 2975 | 4350 | 7899 | 81.6% | 5000 | 158% |
Cellphone | 3896 | 6384 | 9857 | 54.4% | 7500 | 131.4% |
Office equipment | 1367 | 1536 | 2840 | 84.9% | 2200 | 129.1% |
Consumer goods | 255 | 265 | 376 | 41.9% | 500 | 75.2% |
Net Revenue | 8493 | 12535 | 20972 | 67.3% | 15200 | 138% |
Profit after tax | 162 | 253 | 657 | 159.7% | 300 | 219% |
In general, in the 4th quarter of 2021 - the time when the distancing order was lifted, business activities returned to normal and freight transportation became easier, Digiworld was able to fulfill the huge demand of ICT products. In addition, the improvement of gross profit margin from the laptop and tablet segment in the short and medium term trend (due to high demand and limited supply) from the 2nd quarter of 2021 helped Digiworld achieve record high revenue and profit as well as impressive growth percentage.
Although the supply of goods is easier, in general, Covid still causes a lot of impacts on most segments, typically the lack of chips leads to more scarce ICT goods. But the company always upholds the spirit of turning challenges into opportunities, Digiworld has been promoting its strengths for nearly 25 years in the field of distribution as well as Digiworld always has strategies, long term visions, sticks and seriously implement the 3C strategy: Materail Facility – Human - Opportunity to be ready, quick and flexible to take full advantage of the increasingly essential advantages of ICT products.
In 2022, Digiworld will continue to actively perform the activities, continue to diversify business segments as well as constantly learn to do business in the best manner for new brands to achieve and exceed the targets of 2022. Digiworld will also maintain and pursue the growth target of 25% per year along with the "Billion Dollar Company" orientation that the company has achieved.