Digital World Joint Stock Company (Digiworld Coporation - “DGW”) announced its income for the first quarter of 2022 with net revenue and profit after tax of VND 7,009 and VND 211 billion, respectively. Revenue increased by 40%, profit before tax recorded a strong increase of 98% compared to the same period in the first quarter of 2021.
Thus, in only the first 3 months of 2021, Digiworld has successfully completed more than 26% of the year plan for both revenue and profit in 2022 plan: revenue of VND 26,300 billion, profit of VND 800 billion. Digiworld achieved these remarkable growths in the first quarter of 2022 thanks to the contribution of key products as follows:
The first quarter Unit: VND billion
Net Revenue |
Q1/2020 |
Q1/2021 |
Q1/2022 |
YoY |
Laptops and tablets |
791 |
1,375 |
2.252 |
64% |
Mobile phones |
1,142 |
2,833 |
3.880 |
37% |
Office equipment |
315 |
718 |
806 |
12% |
Consumer goods |
63 |
81 |
71 |
-12% |
Net Revenue |
2,311 |
5,007 |
7009 |
40% |
Profit after tax |
45 |
107 |
211 |
98% |
Quarter 1 is the first quarter of 2022 and also the first quarter that Vietnam's economy is fully opening again for almost all industries. Tightening policies in most cities are reduced to the lowest level. The whole country accepts to live in the new normal. Besides, the impact of Covid - 19 consequences on income of consumers are also shrinking. In addition, now it is the peak shopping season with holidays. With the experience and solid foundation of a 25-year-old distributor, Digiworld has made the best use of market opportunities to continue to set new revenue records in the first quarter.
In the following quarters, the market might not see peak demand for technology commodities as in recent quarters. However, Digiworld believes that there will always be new opportunities, in line with the spirit which Digiworld's collective are aiming for in 2022: Be ready to explore the universe. Specifically, in the coming years, when Vietnam accelerates its process of digitization, 5G coverage, and with the shutdown of 2G, the ICT market will continue to be more bustling than ever. To take advantage of these opportunities, Digiworld with a solid foundation by continuous investments with the 3C strategy of Human - Facility - Technology will be in good position to absorb these opportunities.
And besides grasping market trends and opportunities, Digiworld will always actively create trends and opportunities for itself. Specifically, Digiworld embraces the spirit of "Love challenges" and constantly seek new partners in many other fields and industries to explore new potential, to pioneer and lead the market. The company makes great efforts to complete, or even exceed the target achieved – 26.3 trillion in revenue and 800 billion in profit.