Vietnam Mobifone 2010 sales rise 31.5% on new users

Vietnam Mobile Telecom Services Co., the nation’s second-biggest mobile-phone company by subscribers, said sales surged 31.5% last year as new services for music and games helped it exceed a target for adding users.

Sales jumped to 36.03 trillion dong ($1.85 billion), the company, also known as Mobifone, said in an e-mailed statement today, without giving a year-earlier figure.

The company continued putting new value-added services into operation last year, including Msearch, Mspace, Mgame and Musicworld, it said without elaborating. Mobifone said it added 5.95 million new subscribers in 2010, equivalent to 119% of its original target.

The company, which didn’t give a figure for total subscribers in today’s statement, had 24 million users at the end of 2009, it said in February last year.

Pretax profit rose 6% to 5.86 trillion dong in 2010, according to the statement.

The Hanoi-based company expects sales to rise to 39 trillion dong and pretax profit to reach 6.16 trillion dong this year, it said in the statement. – Bloomberg

Tags: Mobifone