Ho Chi Minh City, July 20, 2021, Digiworld Corporation (“DGW”) announced its business results for the second quarter of 2021 with the outstanding growth of net revenue and post-tax profit of VND4,218 billion and VND116 billion, respectively. The revenue increased by 63% while the post-tax profit recorded a strong increase of 140% compared to the same period of the second quarter of 2020.
Therefore, after the end of the first 6 months of 2021, Digiworld gained a total revenue of VND9,225 billion, up 88% and the pre-tax profit of VND233 billion, up 139% over the same period in 2020. Compared to the business plan set out for 2021 - VND15,200 billion in revenue and VND300 billion in profit, Digiworld has achieved 61% of the year's revenue plan and 74% of the profit plan, successfully completing 2/3 journey of 2021.
Digiworld's business results are recorded specifically for each category as follows:
The second quarter | ||||||||
Q2/20 | Q2/21 | YoY | 6M2020 | 6M2021 | YoY | Plan | %Plan | |
Laptops and tablets | 1,080 | 1,330 | 23% | 1,871 | 2,705 | 45% | 5,000 | 54% |
Mobile phones | 1,146 | 2,146 | 87% | 2,288 | 4,979 | 118% | 7,500 | 66% |
Office equipment | 298 | 663 | 122% | 613 | 1,381 | 125% | 2,200 | 63% |
Consumer goods | 59 | 79 | 34% | 122 | 160 | 31% | 500 | 32% |
Net revenue | 2,583 | 4,218 | 63% | 4,894 |
9,225 | 88% | 15,200 | 61% |
Post-tax profit | 48.0 | 116.0 | 142% | 93.0 | 223.0 | 139% | 300.0 | 74% |
Unit: VND billion
In the first 6 months of 2021, the evolution of the Covid-19 epidemic in Vietnam and the world is still extremely complicated. Up to now, the Covid-19 epidemic is still affecting the technology, manufacturing and electronic goods supply industries. Typically, the shortage of electronic chips leads to a lack of goods to supply or causes the price of goods to rise. These are also the difficulties facing by Digiworld. However, Digiworld, with the motto "Turn challenges into opportunities" and its strength of nearly 25 years of experience in the distribution field and being the TOP 2 distributors of technology products in Vietnam, always finds its business directions and potential opportunities in the challenges facing by us to continue the momentum of growth and development and record breakthrough results.
To firmly conquer new challenges, Digiworld always focuses on the Company's 3C development strategy, which is: Con nguoi (People) - Co so (Facilities) - Co hoi (Opportunities). In the next 2 quarters of 2021, Digiworld will always strive and accelerate to soon complete the set plan for 2021 - set revenue of VND15,200 billion and profit of VND300 billion. In addition to actively doing business to complete the year's plan, doing business well and outstanding achievements are also the foundation for Digiworld to move closer to the of orientation "A Billion-Dollar Company".
Attachment: Consolidated Financial Statements 2nd Quarter 2021