Digiworld Joint Stock Company halved its after-tax profit target from VND140 billion (US$6.2 million) to VND65 billion for this year.

Digiworld lowers its business targets as recent research reveals declines in the information technology market.

The company also adjusted its revenue quota down 27 per cent, from VND5.4 trillion to VND3.9 trillion for 2016.

It expected revenues of VND1.9 trillion from computer sales, and VND616 billion from telephones and office equipment this year.

The company said it lowered business targets because recent research revealed declines in the information technology market, while it had not recovered certain marketing, human resource and infrastructure costs.

Some lines of telephones it distributed in Viet Nam, such as Obi and Intex, wee quite new to the domestic market, the firm said.

VNS