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Vietjet generated USD84.7 million group profit

before tax in 1H2017

(Hong Kong, August 2, 2017) - Vietjet Aviation Joint Stock Company (HOSE code: VJC) today announced its unaudited group financial statements for the first half of 2017 featuring substantial target exceeding growth compared to the previous period. In first half of 2017, Vietjet generated USD84.7 million group profit before tax, a 44.7 per cent increase year on year.   Following the release of the unaudited financial statements for the first half of 2017 last week, Vietjet’s overall revenue in the period stood at USD730.7 million, an increase of around 31 per cent compared to previous period. For Q2/2017, revenue reached USD503 million, an increase of 89 per cent year on year. The 2nd quarter’s group profit before tax stood at around USD66.1 million.   Especially, growth in passenger carriage on international routes increased by nearly 130 per cent, making it the main momentum for the quarter’s growth. Also, revenue in aviation carriage in 1H2017 stood at USD478.9 million - an increase of 45.1 percent compared to same period last year. The company’s profit before tax from aviation carriage reached more than USD48.6 million, an increase of 46 per cent year on year.   In Q2/2017, Vietjet received five more brand-new A321 aircraft from Airbus and generated USD250.6 million revenue from aircraft sale. Up to June 30, 2017, Vietjet’s total assets reached USD1,112.1 million, a 50.8 percent increase, with owners’ equity reaching USD 355.04 million, an increase of 130 per cent year on year.   Up to June 30, 2017, Vietjet operates 30 A320 aircraft and 15 A321 aircraft on 73 domestic and international routes, an increase of 13 routes compared to that of December 31, 2016 and an equivalence of 37.7 per cent increase year on year. It is also a 110.6 per cent increase over the year’s target. Vietjet carried 8.27 million passengers, an increase of 22.4% year on year, on 49,151 flights with an average load factor of around 88 per cent; the technical reliability rate of 99.55% and on-time performance rate of 85.7%. Other index in operation safety, technical operations and ground operations were among the highest in the Asia-Pacific region.  
About Vietjet: Established in 2007, Vietjet is now leading the domestic aviation market in Vietnam and actively expanding its international flight network. After five years of operations, the airline has flown nearly 40 million passengers, and been awarded 32 domestic and nine international accolades, including being named one of the Top 500 Brands in Asia 2016, “Vietnam’s Most Favorite Airline”, “The Best Asian Low Cost Carrier 2015” at the TTG Travel Awards 2015, etc. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline’s operation safety and technical reliability rates have always been among the highest in Asia Pacific region with a modern and well-furbished fleet and amazing diverse and friendly services.   Currently, the airline operates a fleet of 48 aircraft, including A320s and A321s, and operates over 350 flights per day. It currently operates 67 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China and Myanmar.    For more information, please visit www.vietjetair.com Like Vietjet on Facebook, https://www.facebook.com/Vietjethongkong, follow us on Twitter, @Vietjetvietnam, and watch our videos at https://www.youtube.com/user/Vietjetvietnam   Next News Update
MissBitchy Created by the SnS Team
Copyright 2018 - 2019 Hi-Tech Development Co., Ltd. All rights reserved  

News

Vietjet generated USD84.7 million group profit

before tax in 1H2017

(Hong Kong, August 2, 2017) - Vietjet Aviation Joint Stock Company (HOSE code: VJC) today announced its unaudited group financial statements for the first half of 2017 featuring substantial target exceeding growth compared to the previous period. In first half of 2017, Vietjet generated USD84.7 million group profit before tax, a 44.7 per cent increase year on year.   Following the release of the unaudited financial statements for the first half of 2017 last week, Vietjet’s overall revenue in the period stood at USD730.7 million, an increase of around 31 per cent compared to previous period. For Q2/2017, revenue reached USD503 million, an increase of 89 per cent year on year. The 2nd quarter’s group profit before tax stood at around USD66.1 million.   Especially, growth in passenger carriage on international routes increased by nearly 130 per cent, making it the main momentum for the quarter’s growth. Also, revenue in aviation carriage in 1H2017 stood at USD478.9 million - an increase of 45.1 percent compared to same period last year. The company’s profit before tax from aviation carriage reached more than USD48.6 million, an increase of 46 per cent year on year.   In Q2/2017, Vietjet received five more brand-new A321 aircraft from Airbus and generated USD250.6 million revenue from aircraft sale. Up to June 30, 2017, Vietjet’s total assets reached USD1,112.1 million, a 50.8 percent increase, with owners’ equity reaching USD 355.04 million, an increase of 130 per cent year on year.   Up to June 30, 2017, Vietjet operates 30 A320 aircraft and 15 A321 aircraft on 73 domestic and international routes, an increase of 13 routes compared to that of December 31, 2016 and an equivalence of 37.7 per cent increase year on year. It is also a 110.6 per cent increase over the year’s target. Vietjet carried 8.27 million passengers, an increase of 22.4% year on year, on 49,151 flights with an average load factor of around 88 per cent; the technical reliability rate of 99.55% and on-time performance rate of 85.7%. Other index in operation safety, technical operations and ground operations were among the highest in the Asia-Pacific region.  
About Vietjet: Established in 2007, Vietjet is now leading the domestic aviation market in Vietnam and actively expanding its international flight network. After five years of operations, the airline has flown nearly 40 million passengers, and been awarded 32 domestic and nine international accolades, including being named one of the Top 500 Brands in Asia 2016, “Vietnam’s Most Favorite Airline”, “The Best Asian Low Cost Carrier 2015” at the TTG Travel Awards 2015, etc. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline’s operation safety and technical reliability rates have always been among the highest in Asia Pacific region with a modern and well-furbished fleet and amazing diverse and friendly services.   Currently, the airline operates a fleet of 48 aircraft, including A320s and A321s, and operates over 350 flights per day. It currently operates 67 routes in Vietnam and across the region to international destinations such as Hong Kong, Thailand, Singapore, South Korea, Taiwan, Malaysia, Cambodia, China and Myanmar.    For more information, please visit www.vietjetair.com Like Vietjet on Facebook, https://www.facebook.com/Vietjethongkong, follow us on Twitter, @Vietjetvietnam, and watch our videos at https://www.youtube.com/user/Vietjetvietnam   Next News Update