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Mobile World Investment Corp. Q3 loss widens 67.0% YOY

Mobile World Investment Corp. said its normalized net income for the third quarter amounted to a loss of 198.28 dong per share, compared with a loss of 118.57 dong per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 55.40 billion dong, compared with a loss of 33.18 billion dong in the year-earlier period.

The normalized profit margin increased to negative 0.8% from negative 0.8% in the year-earlier period.

Total revenue increased 68.5% year over year to 6.647 trillion dong from 3.945 trillion dong, and total operating expenses increased 68.6% year over year to 6.304 trillion dong from 3.739 trillion dong.

Reported net income declined 37.8% year over year to 708.7 million dong, or 2.54 dong per share, from 1.14 billion dong, or 4.07 dong per share.

As of Nov. 9, US$1 was equivalent to 22,427.50 dong.