Vietnam Airlines is set to pay a 2018 cash dividend worth 63.9 million USD. (Source: Vietnam Airlines)Hanoi (VNA) - National flag carrierVietnam Airlines, listed under code HVN, plans to pay cash dividendsfor 2018 at the rate of 10 percent of charter capital, estimated at 1.49trillion VND (around 64 million USD).
The State, which owns 86 percent of the firm'scapital, will receive about 1.22 trillion VND (52.5 million USD). Majorshareholder ANA Holdings Inc. of Japan, which holds 8.8 percent, will get 124billion VND (5.3 million USD).
Vietnam Airlines said it conducted 141,300flights in 2018, transporting 21.9 million passengers and making consolidatedrevenue of nearly 99 trillion VND (4.25 billion USD) and consolidated after-taxprofit of 2.6 trillion (111.8 million USD), exceeding its plan for the year by36 percent.
Vietnam Airlines set a target this year toachieve consolidated revenue of nearly 111.7 trillion VND (4.8 billion USD), up13 percent year on year, and consolidated after-tax profit of nearly 2.7trillion VND (116.05 million USD), up 6 percent. The total investment cost isexpected to be over 5.4 trillion VND (232.11 million USD).
The carrier set a target to occupy aminimum of 55 percent of the domestic aviation market and a strong market sharein the international market, ensuring balance between growth, market share andefficiency.
According to the carrier's fleetdevelopment plan for 2021-2025, Vietnam Airlines will own an estimatedfleet of 135-177 planes. Its narrow-body fleet will make up 95-120 ofthe units. It currently has 63 narrow-body aircraft.
The annual pre-tax profit of the entire networkin the 2021-2025 period is expected to be between 2.2 trillion VND (94.6million USD) and 3.6 trillion VND (154.7 million USD) per year, of whichthe air transport profit from the narrow-body fleet will contribute between 359billion VND (15.4 million USD) and 1.4 trillion VND (60.1 million USD).
On May 7, Vietnam Airlines officially listed 1.4billion shares on the Ho Chi Minh Stock Exchange, moving from the UpCom. Thereference price in the first trading session was 40,600 VND (1.75 USD)per share; the first day fluctuation range was ± 20 percent.-VNA
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