MobiFone reported more than VND13.4 trillion ($582.6 million) in bank deposits, painting bright prospects for its upcoming equitisation. MobiFone has been earmarked for equitisation in 2020 Prime Minister Nguyen Xuan Phuc on August 15 officially approved the decision on equitising 93 state-owned companies until 2020. The name drawing the most attention is MobiFone, which is put on the table after dozens of failed equitisation attempts. As of the end of June 30, 2019, MobiFone’s total assets reached VND29.181 trillion ($1.27 billion), down 4 per cent against earlier this year. The value of state-owned capital was VND15 trillion ($652.17 million), investment fundsfor development also contributed VND5.08 trillion ($220.87 million), and undistributed profit was VND150 billion ($6.52 million). In addition, its revenue hit VND15.168 trillion ($659.48 million), down 12 per cent on-year. Pre-tax profit also reached VND2.644 trillion ($114.96 million), up 8.6 per cent on-year, and after-tax profit was VND2.115 trillion ($91.96 million), up 8.4 per cent on-year. At the time, MobiFone had VND11.678 trillion ($507.74 million) and VND1.745 trillion ($75.87 million) in bank deposits and cash. Bank deposits include VND8.445 trillion ($367.17 million) in capital and VND329 billion ($14.3 million) in interest. MobiFone gained VND418 billion ($18.17 million) from bank interest… Read full this story
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