Vietjet posts a pre-tax profit of more than 2.98 trillion VND (131 million USD) in the first nine months of this year (Photo: Vietjet)HCM City (VNA)- Vietjet Aviation Joint Stock Company (HOSE code: VJC) posted a pre-tax profitof more than 2.98 trillion VND (131 million USD) in the first nine months ofthis year, according its preliminary business results which were released lastweek.
In the third quarter,thanks to the expansion of new routes and operational improvements to existingroutes, Vietjet’s revenue and profit increased significantly compared to thesame period last year, and exceeded the company’s targets.
Vietjet’s pre-tax profitstood at over 1 trillion VND in the third quarter, up 35.1 percentyear-on-year. Air transport revenue reached 6.14 trillion VND, an increase of34.4 percent compared to the same period of 2016.
As of September 30,Vietjet’s total assets stood at above 26.28 trillion VND (1.15 billion USD),surging 57.4 percent year on year.
During the nine-monthperiod, besides adding five additional airplanes, Vietjet launched 13 new routes,increasing the total number of routes to 73, including 38 domestic routes and35 international ones. Notably, Vietjet’s on-time performance ratio in thenine-month period was 85.4 percent.
In the fourth quarter, thecompany is expected to open six new routes, raising the total number of newroutes this year to 19.
Based on the currentbusiness results, the firm estimated its pre-tax profit in 2017 could exceedthe target, approved at the annual shareholder meeting, by 10 percent.-VNA
VNA
