trending Market Intelligence /marketintelligence/en/news-insights/trending/Plfo6j6EFD8L21Rt_46hVA2 content esgSubNav
In This List

Mobile World Investment Corp. swings to profit in Q2

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization


Mobile World Investment Corp. swings to profit in Q2

Mobile World Investment Corp. said its normalized net income for the second quarter was 636.31 dong per share, compared with a loss of 680.40 dong per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 177.82 billion dong, compared with a loss of 190.52 billion dong in the year-earlier period.

The normalized profit margin rose to negative 5.1% from negative 5.5% in the year-earlier period.

Total revenue climbed 53.9% on an annual basis to 5.363 trillion dong from 3.485 trillion dong, and total operating expenses rose 53.7% year over year to 5.087 trillion dong from 3.310 trillion dong.

Reported net income came to 221.24 billion dong, or 791.49 dong per share, compared to a loss of 162.75 billion dong, or a loss of 581.24 dong per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 21,815 dong.