Not too long ago, throughout an internet investor assembly on the afternoon of August 20, Mr. Nguyen Duc Tai, Chairman of the Board of Administrators of Cellular World Funding Firm shared concerning the group’s enterprise state of affairs within the second half of the yr. 2021.
Mr. Nguyen Duc Tai mentioned that the third and fourth quarters of the group’s enterprise outcomes is not going to be pretty much as good as the primary and second quarters as a result of these are two quarters topic to extreme distance and closure, however the chance of a loss within the third quarter may be very excessive. quick.
The Chairman of The Gioi Di Dong mentioned that if the epidemic is managed comparatively, enterprise actions can happen usually in 2022, then we will look ahead to the enterprise state of affairs to get better, however it’s nonetheless troublesome to blow up like many individuals. A simile is a compressed spring that, if opened, will burst once more.
“Right here, no springs are compressed, solely earnings decreases, buying energy decreases. Individuals’s means to pay will lower not solely in 2022 and should prolong into 2023, 2024 relying on the restoration of the manufacturing business. Many individuals are consuming up their financial savings and a few have come to a state of affairs the place everybody will get what they need“, the chief of MWG mentioned.
Mr. Nguyen Duc Tai, Chairman of Cellular World Funding Board.
On the on-line assembly, Mr. Tai additionally talked about the service high quality of Bach Hoa Xanh chain over the previous time.
Mr. Tai acknowledged that the standard of service went down primarily as a result of companies had been in a troublesome interval of the epidemic, the group decided the best aim was to offer items to individuals, as soon as specializing in merchandise. The standard of service decreases, in fact.
The Chairman of MWG mentioned: “In July, there are too many purchasers, and the workers is confused and drained, the inevitable result’s a lower in service high quality.“The answer of the enterprise is to promote on the proper worth and serve it wholeheartedly to draw clients.
Concerning future plans, Mr. Tai mentioned that the expansion of Cellular World Funding will nonetheless depend upon the Bach Hoa Xanh (BHX) chain as a result of the market share shouldn’t be actually massive sufficient to dominate the Cellular World chain market. / Dien Might Xanh (TGDD/DMX).
Accordingly, within the second quarter, the BHX chain recorded a median income of greater than 1.three billion VND per retailer monthly.
In July, this chain was the driving pressure for income progress for the group when practically 2,000 TGDD/DMX shops, accounting for 70% of the overall variety of factors of sale all through the system, needed to quickly shut or restrict gross sales from the second half of the month.
Particularly, BHX chain’s income reached VND 4,240 billion, up 133% over the identical interval final yr and contributed 44% of the group’s complete income (solely 21.4% within the first half of the yr).
With the tightening of social distancing in lots of localities to manage the epidemic, enterprise ends in August are anticipated to be low. If the distancing measures proceed within the final months of the yr, the marketing strategy can be troublesome to realize.
Nonetheless, Mr. Tai affirmed that The Gioi Di Dong is not going to alter the marketing strategy, the administration will attempt to make the loss lower than the overall market and put together for the restoration. If the epidemic state of affairs is below management within the fourth quarter, enterprises will attempt to succeed in the tip of the annual plan.
In 2021, Cellular World units a goal of income of VND 125,000 billion and revenue after tax of VND 4,750 billion. Within the first 7 months of the yr, The Gioi Di Dong recorded VND71,986 billion in internet income and VND2,784 billion in after-tax revenue, up 12% and 18% respectively over the identical interval. With this end result, the corporate has achieved 58% of the income goal and 59% of the revenue goal for the entire yr.
With the intention to preserve income whereas most shops are quickly closed or restricted operations to forestall epidemics, Cellular World / Dien Might Xanh (TGDD/DMX) has promoted gross sales within the on-line phase, specializing in locations much less affected by illness and the chain of DMX Supermini (DMS).
The Market Administration Division checks costs at Bach Hoa Xanh.
Beforehand, on the finish of June 2021, the BHX chain additionally despatched an official letter to the house companion, proposing to scale back 50% of the rental value for 1 yr to share difficulties.
After that, The Gioi Di Dong continued to supply a 70-100% discount in house hire for TGDD/DMX shops which might be quickly closed in addition to restricted to forestall COVID-19. Legitimate from January 1 to August 1, 2021.
The paid hire can be deducted from the following cost interval, in addition to will apply till the tip of the lease contract if pressure majeure circumstances pressure the shop to quickly shut or limit gross sales.
As well as, The Gioi Di Dong not too long ago has adjusted wage and bonus for workers, wherein workers from director stage and above quickly work with out wage. The corporate additionally redeployed workers from TGDD and DMX to BHX so as to optimize worker productiveness in addition to meet rising shopper demand for important objects.
To make sure human assets to fulfill enterprise wants throughout the pandemic, this firm is selling vaccination for workers. Prior to now time, when the demand was pushed up at a excessive stage whereas the workers was diminished (partly as a result of distance they might not go to work, the remaining resulting from being within the F0) group, the standard of service at BHX decreased.
