07/29/2022 | Press release | Archived content
Digiworld Corporation - "DGW" announces business results for the second quarter of 2022 with net revenue of VND 4,910 billion and profit after tax of VND 137 billion. With this result, Digiworld recorded a growth of 16% in revenue and 17% in profit before tax over the same period in the second quarter of 2021.
Thus, in the first 6 months of 2022, Digiworld achieved total revenue and profit: VND 11,919 billion and VND 348 billion, respectively. Compared to the annual plan: VND 26,300 billion in revenue and VND 800 billion in profit, Digiworld is now 45% and 44% complete, respectively. In addition, the second quarter of 2022's good growth also contributed to the excellent results of the first half of 2022. These remarkable results mainly came from the following core segments:
The second quarter of 2022 (units: VND billions)
Q2/21 |
Q2/22 |
YoY |
6M2021 |
6M2022 |
YoY |
Plan |
%Plan |
|
Laptops and Tablets |
1,330 |
1,130 |
(15%) |
2,705 |
3,382 |
25% |
9,740 |
35% |
Mobile Phones |
2,146 |
2,704 |
26% |
4,979 |
6,584 |
32% |
12,330 |
53% |
Office Equipment |
663 |
984 |
48% |
1,381 |
1,790 |
30% |
3,770 |
47% |
Consumer Goods |
79 |
93 |
18% |
160 |
164 |
2.5% |
460 |
36% |
Net Revenue |
4,218 |
4,910 |
16% |
9,225 |
11,919 |
29% |
26,300 |
45% |
Profit after Tax |
116 |
137 |
17% |
223 |
348 |
56% |
800 |
44% |
After a period of remarkable growth throughout 2020-2021, especially in Q4/2021 and Q1/2022, in Q2/2022 Digiworld recorded slow growth in the ICT industry. The reason is that consumers no longer have strong demand for technology products when most consumers have a need and decide to buy during the Covid-19 pandemic. Therefore, in the short term, it will be difficult for consumers to continue to spend much on ICT products. In addition, the second quarter of every year is usually a low season because there are no special occasions to shop such as the Lunar New Year, the back-to-school season, etc., instead, people focus more on entertainment activities and travel. And the priority of spending on tourism and entertainment is even more because in the second quarter of 2022. Because the disease prevention measures are removed after 2 years of strictly applying.
In the second quarter of the year, there were many difficulties. But in general, this half year, with the spirit of readiness to conquer, Digiworld took advantage of the comprehensive market development capacity for a variety of brands to complete 45% of the annual plan. In addition, Digiworld is always focusing on and investing heavily in the Human factor in the 3C strategy. It helped Digiworld's experienced team able to respond best to market fluctuations, micro and macro impact on consumer demand. Expected in the next coming quarters, the Digiworld team's strategy and flexibility are going to take advantage of the demand push from events: back-to-school season, new product launch of Xiaomi, Apple, World season Cup, etc. Digiworld will conquer, achieve and exceed the 2022's goals: 26,300 billion in revenue and 800 billion in profit.