First Quarter Profit of Thế Giới Di Động Surges Over 71%, Nears Record High

The investment company Thế Giới Di Động (MWG) recently announced its Q1 2025 financial report, showing a net revenue of 36.135 trillion VND, an almost 15% increase from the same period in 2024. Its after-tax profit reached 1.548 trillion VND, a 71% rise, marking the second-highest quarterly profit in the company’s history, only behind Q4 2021. Contributing factors include an 18% rise in financial revenue to nearly 700 billion VND and effective cost control reducing total expenses compared to last year. With the strategy of “Reducing Quantity – Increasing Quality”, MWG aims for a 2025 revenue target of 150 trillion VND and an after-tax profit of 4.85 trillion VND, reflecting growth of 12% and 30%. The annual general meeting on April 26 will address a planned 10% cash dividend and share buyback strategy. Furthermore, MWG shares have rebounded 30% over three weeks, reaching 60,500 VND per share, with a market cap of about 90 trillion VND.

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