Vietjet reports record profit

A VietJet Air airplane (Photo: VietJet Air)

Hanoi (VNA) - 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.

The company’s after-audit profit increased by 206 billion VND (9.06 million USD), while earnings per share (EPS) was 9,586 VND.

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

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

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

In 2017, it plans to open four new domestic and 22 international air routes, raising its total routes to 86./.

VNA