MB Group likely to reach US$5 billion in revenue by 2026 : v

MB Group likely to reach US$5 billion in revenue by 2026


MB Group likely to reach US$5 billion in revenue by 2026
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 26/07/2021
  
10:14
GMT+7
Accelerating digital transformation and improving technology infrastructure capacity are key to MB Group’s strategic goals for the new period.
The Military Commercial Joint Stock Bank (MB) held an online analyst meeting on June 22, with the participation of 300 guests, including representatives of 90 investment funds and 30 securities firms, both foreign and domestic. The meeting discussed MB Group’s achievements in the first half of 2021 and its important strategic goals in the coming period.
Although the developments of the COVID-19 pandemic were unpredictable, MB Group remained resilient with stable operations and positive business results. By the end of the Q2/2021, MB achieved a total consolidated asset of more than VND523 trillion, increasing by 5.65% compared to the end of 2020. The total operating income in the first half of the year was nearly VND18.2 trillion, increasing by 40% year on year. Total consolidated pre-tax profit in H1/2021 reached nearly VND8 trillion, a remarkable increase of 56% compared to the same period of last year. MB also enjoyed a top business performance in the period with a return on asset (ROA) ratio of 2.48 percent and a return on equity (ROE) ratio of 23.28 per cent.

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