Friday, August 18, 2017 - 21:29:02

Vietnam Airlines holds shareholders’ meeting in 2017

VNA Print

An airplane of Vietnam Airlines (Photo: VNA)

Hanoi (VNA) – Vietnam Airlines held its annual shareholders’ meeting in Hanoi on June 20, reporting robust growth in its business performance in 2016 and detailing plans for 2017.

The national flag carrier described 2016 business growth as its best-ever achievement, informing shareholders that it operated nearly 140,000 safe flights, carrying more than 20.6 million passengers, respectively increasing by 13 percent and 21 percent, in 2016.

The firm earned over 2.6 trillion VND (114.4 million USD) in pre-tax profit, up 1.5 times from the previous year.

The post-tax profit allocated to Vietnam Airlines is nearly 1.74 trillion VND (76.56 million USD), 736.52 billion VND (32.4 million USD) of which will be given to shareholders as dividend payments. 

While labour productivity continued to grow in 2016, the carrier’s employees benefited from higher salaries, up 4.7 – 12.8 percent from a year before, Vietnam Airlines noted.

At the meeting, participants also approved a plan to offer an additional more than 191 million shares at 10,000 VND each for current shareholders.

This offering is expected to bring about over 1.91 trillion VND (84 million USD) for Vietnam Airlines to cover the purchase of Boeing 787-9 and Airbus A350-900 XWB airplanes and other business activities.

In 2017, the company aims to serve more than 22.5 million passengers and gain 87.9 trillion VND (nearly 3.87 billion USD) in consolidated revenue.-VNA
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