Vietjet’s pre-tax profit in 2017 reaches Bt6.55 billion
Vietjet Aviation Joint Stock Company (HOSE: VJC) has announced its consolidated pre-audited financial statement report 2017 with all indicators growing strongly compared to 2016 and exceeding the plan approved at the company’s annual shareholder meeting.
Specifically, total net revenue in 2017 reached 42,258 billion dong (Bt58.23 billion), an increase of 53.7 per cent year on year and exceeding the annual plan by 0.6 per cent. Pre-tax profit stood at approximately 4,755 billion dong (Bt6.55 billion), up 75.9 per cent year on year and completing 126 per cent of the year plan. After-tax profit of the parent company’s shareholders reached 4,527 billion dong (Bt6.23 billion), equivalent to 10,065 dong (Bt13.94) earnings 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), increasing 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 dong (Bt31.11 billion), up 41.8 per cent year on year and exceeding the yearly plan by 4.6 per cent.
In 2017, Vietjet paid a 10 per cent cash dividend, a 40 per cent share dividend for 2016 and an advanced 20 per cent cash dividend payment for 2017. With its positive business results, Vietjet has increased its 2017 dividend payment from 50 per cent to 60 per cent and prepared for 10 per cent cash dividend payment for 2017 on February 7, 2018.
