Vietjet’s pre-tax profit hits nearly VND4.755 trillion

The Vietjet Aviation Joint Stock Company (HOSE: VJC) has posted its pre-tax profit of approximately VND4.755 trillion (US$209.22 million) in pre-tax in 2017, up 75.9% year on year.

vietjet’s pre-tax profit hits nearly vnd4.755 trillion hinh 0
Vietjet's A321 Neo Aircraft (Source: vietjetair)

According to Vietjet’s pre-audited financial statement report 2017, total net revenue in 2017 reached nearly VND42.258 trillion, an increase of 53.7% year on year and exceeded the annual plan by 0.6%.

After-tax profit of parent company’s shareholders reached VND4.527 trillion, equivalent to VND10,065 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 VND22,577 billion, up 41.8% year on year and exceeded the yearly plan by 4.6 %.

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%.

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


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