for the quarter ended 31 December 2022
for the quarter ended 31 December 2022
Some of the data here are the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately.
In 2022, Vua Nem achieved 128% YoY revenue growth. The result was driven by the company’s footprint expansion to 158 stores nationwide and a 45% YoY same-store sale growth.
Entobel was able to enhance productivity in 4Q22 thanks to the re-organization of the production team and investments into new machinery from the previous quarter. As a result, insect meal production volume increased 119% YoY, while production cost decreased 12% QoQ and 4% YoY.
In 2022, F88 posted a 112% YoY growth in net revenue which is primarily driven by the strong performance in the insurance business. Particularly, net revenue from insurance grew 221% YoY and accounted for more than 15% of the company’s total net revenue.
In 2022, LiveSpo expanded its distribution network to more than 2,300 chain pharmaceutical stores, a 105% YoY growth.
In 2022, YOLA grew its new offline enrollments by 100% compared to the same period last year, thanks to the year-round campaign “Open Doors to Possibilities” and 30+ school visits in Ho Chi Minh City to bring the YOLA brand into the minds of students and parents.
In 4Q22, by increasing 936 active Points of Sale (POS), Mutosi achieved a total of 3,903 POS across Vietnam.
Gene Solutions’ number of tests in 2022 increased by 81% YoY, as a result, revenue rose 104% compared to last year. In 4Q22, Gene Solutions established offices in Indonesia, Thailand, and the Philippines on track with the company’s strategic plan for SEA expansion.
In the last quarter, HSV Group’s store network has expanded in Ho Chi Minh City with 2 new locations of Reebok in Saigon Center shopping mall (District 1) and Vincom Mega Mall Thao Dien (District 2); and 1 The Face Shop store on Hai Ba Trung street (District 1).
In October and December 2022, 2 Maison Marou cafes were opened on Xuan Dieu street (Hanoi) and Hikari Binh Duong shopping mall, bringing the total number of Marou’s retail stores to 8 nationwide. As a result, in 2022, Marou witnessed an 87% YoY growth in revenue.
Pharmacity launched the first pharmacy at a domestic airport in Noi Bai International Airport (Hanoi), bringing the total number of stores to 1,017 nationwide. This demonstrates the company’s ongoing commitment to operating where customers need the most and providing “Sufficient Medicine – Qualified Pharmacists”.
Nhat Tin’s net revenue in 2022 increased 21% YoY mainly from 24-48hr delivery and trucking delivery services. The growth was driven by 9% increase in the number of bills, mostly from core B2B customers.
