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Vietjet posts profits of USD131 million for the

first 9 months of 2017

(Ho Chi Minh City, October 30, 2017) - Vietjet Aviation Joint Stock Company (HOSE stock code: VJC) has just announced its preliminary business results for the first nine months of 2017, with a profit reaching VND2,982 billion (USD131 million). And for the third quarter of 2017, Vietjet’s revenue and profit increased significantly compared with the same period last year and exceeded its plan. The profit increase is attributed to the expansion of new routes and operation improvements of existing routes. Specifically, air transport revenue reached VND6,142 billion (USD270 million), an increase of 34.4% compared with the same period of 2016. Pre-tax profit stands at VND1,054 billion (USD46 million), an increase of 35.1% year on year. The total profit for the first 9 month reached VND2,982 billion (USD131 million). Up to September 30, 2017, Vietjet’s total assets stood at VND26,289 billion (nearly USD1.2 billion), an increase of 57.39% year on year. For the first 9 months of this year, the airline took delivery of 5 additional airplanes and commenced 13 new routes, increasing the total number of routes to 73 with 38 domestic and 35 international routes. The OTP for the 9 months was 85.4%. In the fourth quarter, Vietjet is expected to open 6 new routes, increasing the total number of new routes this year to 19. Based on the current business results, Vietjet estimated that its pre- tax profit in 2017 could exceed by 10% against its budgeted plan, which was approved at the annual shareholder meeting earlier this year.
About Vietjet: Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e- commerce technologies to offer various products and services for consumers. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline was also named as one of the Top 500 Brands in Asia 2016 by global marketing research company Nielsen, the “Best Asian Low Cost Carrier” at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies and tour operators in throughout Asia and Asia’s Best Employer Brand by the Employer Branding Institute and World HRD Congress for many years. The airline was also rated as one of the top three fastest growing airline brands on Facebook in the world by Socialbakers.   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 posts profits of USD131 million for the

first 9 months of 2017

(Ho Chi Minh City, October 30, 2017) - Vietjet Aviation Joint Stock Company (HOSE stock code: VJC) has just announced its preliminary business results for the first nine months of 2017, with a profit reaching VND2,982 billion (USD131 million). And for the third quarter of 2017, Vietjet’s revenue and profit increased significantly compared with the same period last year and exceeded its plan. The profit increase is attributed to the expansion of new routes and operation improvements of existing routes. Specifically, air transport revenue reached VND6,142 billion (USD270 million), an increase of 34.4% compared with the same period of 2016. Pre- tax profit stands at VND1,054 billion (USD46 million), an increase of 35.1% year on year. The total profit for the first 9 month reached VND2,982 billion (USD131 million). Up to September 30, 2017, Vietjet’s total assets stood at VND26,289 billion (nearly USD1.2 billion), an increase of 57.39% year on year. For the first 9 months of this year, the airline took delivery of 5 additional airplanes and commenced 13 new routes, increasing the total number of routes to 73 with 38 domestic and 35 international routes. The OTP for the 9 months was 85.4%. In the fourth quarter, Vietjet is expected to open 6 new routes, increasing the total number of new routes this year to 19. Based on the current business results, Vietjet estimated that its pre-tax profit in 2017 could exceed by 10% against its budgeted plan, which was approved at the annual shareholder meeting earlier this year.
About Vietjet: Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost and diversified services to meet customers’ demands. It provides not only transport services but also uses the latest e-commerce technologies to offer various products and services for consumers. Vietjet is a member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. The airline was also named as one of the Top 500 Brands in Asia 2016 by global marketing research company Nielsen, the “Best Asian Low Cost Carrier” at the TTG Travel Awards 2015, which compiles votes from travelers, travel agencies and tour operators in throughout Asia and Asia’s Best Employer Brand by the Employer Branding Institute and World HRD Congress for many years. The airline was also rated as one of the top three fastest growing airline brands on Facebook in the world by Socialbakers.   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