Business

Vietjet reports record profit

The VietJet Aviation Joint Stock Company recorded revenue and an after-tax profit of 27.499 trillion VND (1.209 billion USD) and 2.496 trillion VND (109.7 million USD) in 2016, up 39 percent and 113 percent from the previous year respectively.
Vietjet reports record profit ảnh 1A VietJet Air airplane (Photo: VietJet Air)
Hanoi (VNA) - The VietJet AviationJoint Stock Company recorded revenue and an after-tax profit of 27.499 trillionVND  (1.209 billion USD) and 2.496 trillionVND (109.7 million USD) in 2016, up 39 percent and 113 percent from theprevious year respectively.

The company’s after-audit profit increased by206 billion VND (9.06 million USD), while earnings per share (EPS) was 9,586 VND.

Therefore, as of December 31, the totalassets of Vietjet reached 20.063 trillion VND, up 67 percent year-on-year.

The results were attributed to the openingof new air routes, effective use of existing routes and good management ofoperation cost.

Last year, Vietjet took 41 percent of the domesticaviation market share.

In 2017, it plans to open four new domesticand 22 international air routes, raising its total routes to 86./.
VNA
#VietJet Aviation Joint Stock Company #after-tax profit
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