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Vietnam Airlines to hold annual shareholder meeting on May 10

Shareholders of Vietnam Airlines will gather at the annual general meeting in Hanoi on May 10, the third one since the company completed equitisation in 2015, to discuss a series of important issues including the modification of the internal management regulations.
Vietnam Airlines to hold annual shareholder meeting on May 10 ảnh 1Vietnam Airlines will hold annual shareholder meeting on May 10 (Photo: VNA)

Hanoi (VNA) – Shareholders of VietnamAirlines will gather at the annual general meeting in Hanoi on May 10, thethird one since the company completed equitisation in 2015, to discuss a seriesof important issues including the modification of the internal managementregulations.

The Board of Directors will deliver a report onbusiness performance in 2017 and main targets of business plan in 2018, alongwith auditing financial statements in 2017 and plans for the distribution ofprofits and dividends. 

In 2017, Vietnam Airlinesconducted 140,000 flights carrying 22 million passengers. Its total revenuereached over 84.9 trillion VND (3.7 billion USD).

The corporation earned a record pre-tax profit of over 3.15 trillion VND (135.1million USD), surpassing the yearly target by 92.6 percent and posting ayear-on-year increase of 21.3 percent.

The parent company raked in more than 64.9trillion VND in revenue and 1.9 trillion VND in pre-tax profit, exceeding theset target by 52 percent and registering a year-on-year rise of 11.7 percent.

Vietnam Airlines maintained its four-star ratingby Skytrax for two consecutive years.

The on-time performance index (OTP) reached 90.2percent for departures and 83.2 percent for arrivals, putting Vietnam Airlinesamong the top 10 airlines with the best OTP in the globe.

In 2017, Vietnam Airlines continued receivingnational and international recognition with a number of prestigious awards,most notably being listed on the 10 strongest brands of Brand Finance.

Vietnam Airlines’ market capitalization wasvalued at over 60.6 trillion VND (2.65 billion USD) on March 30, 2019 (49,400VND per share), up 38 percent compared to the time its share debuted on theUnlisted Public Company Market (Upcom) at 39,200 VND per piece.

Currently, Vietnam Airlines has a totalchartered capital of over 12.27 trillion VND (535.5 million USD). The State isholding 86.16 percent of the airlines’ chartered capital, Japan’s ANA HoldingsInc 8.77 percent, and the remaining belong to other shareholders.-VNA
VNA
#Vietnam Airlines#shareholders#annual general meeting#equitisation#internal management regulations#revenue#flights#pre-tax profit#Skytrax#Brand Finance#Vietnamplus#Vietnam News Agency
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