The national flag carrier has revealed its second quarter’s business results with a VND51.6 trillion ($2.24 billion) in revenue, up 5.5 per cent on-year. Its pre-tax profit has nevertheless been down by almost 11 per cent on-year to VND1.65 trillion ($71.73 million).
According to Vietnam Airlines, on a single basis, it has estimated a total revenue for the first two quarters at VND38.3 trillion ($1.66 billion), up 5.8 per cent on-year and an accumulated pre-tax profit of VND1.78 trillion ($77.39 million), an increase of 21.8 per cent on-year.
On the consolidated basis, Vietnam Airlines and its subsidiaries, however, have experienced a decline of 10.8 per cent in pre-tax profit when they achieved merely VND1.65 trillion ($71.73 million) compared to 2018’s VND1.85 trillion ($80.43 million).
Vietnam Airlines saw its business performance as rather positive, given the slower growth of the aviation market, the fluctuation of the foreign exchange and the rising fuel prices seen in the past five months.
Together with its subsidiaries Jetstar Pacific and Vietnam Air Services Company (VASCO), Vietnam Airlines currently accounts for some 51 per cent of the domestic share in air passenger transport.
Vietnam Airlines stocks have started to trade on the Ho Chi Minh City Stock Exchange since May 7.
Tags:
Tags:
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
