Vietjet’s pre-tax profit hits nearly 4.755 trillion VND

HCM City (VNA) - The Vietjet Aviation Joint Stock Company (HOSE: VJC) has posted its pre-tax profit of approximately 4.755 trillion VND (209.22 million USD) in pre-tax in 2017, up 75.9 percent year on year.

According to Vietjet’s pre-audited financial statement report 2017, total net revenue in 2017 reached nearly 42.258 trillion VND, an increase of 53.7 percent year on year and exceeded the annual plan by 0.6 percent.

After-tax profit of parent company’s shareholders reached 4.527 trillion VND, equivalent to 10,065 VND earning per share (EPS).

Thanks to the expansion of its fleet by 17 aircraft in 2017 (including a modern A321 NEO – the first Airbus A321 NEO in Southeast Asia), Vietjet opened 22 new routes (one domestic and 21 international ones), increased its total operating routes to 82, including 38 domestic and 44 international ones.

Vietjet carried over 17.11 million passengers in 2017. Air transportation revenue of the year was 22,577 billion VND, up 41.8 percent year on year and exceeded the yearly plan by 4.6 percent.

At the end of 2017, its total fleet consisted of 51 Airbus A320 and A321 aircraft. Vietjet received 39 aircraft out of the total of 219 aircraft ordered from Airbus and Boeing. On time performance in 2017 was 85.59 percent.

Last year, Vietjet paid 10 percent cash dividend, 40 percent share dividend for 2016 and advanced 20 percent cash dividend payment for 2017. With its positive business results, Vietjet has increased its 2017 dividend payment from 50 percent to 60 percent and prepared for 10 percent cash dividend payment for 2017 on February 7, 2018, the report said. - VNA