Vietnam Time

9/19/2017 2:47:21 PM

Forbes Magazine: Vietjet named on list 50 Vietnamese companies in 2107

Vietjet Aviation Joint Stock Company came 12th on the Vietnamese edition of Forbes Magazine’s top 50 listed Vietnamese companies in 2107.

Vietjet Aviation Joint Stock Company came 12th on the Vietnamese edition of Forbes Magazine’s top 50 listed Vietnamese companies in 2107.

The company was honored for its business achievements in the first half of the year. In the six-month period, Vietjet earned more than VND16.4 trillion (US$721.7 million) in total revenue and pocketed VND1.79 trillion (US$78.8 million) in net profit, up 45% from the same period last year.

The company’s Earning Per Share (EPS) was recorded at VND5,737. By June 30, Vietjet’s total assets reached over VND24.7 trillion (US$1.08 billion) and equity of VND7.3 trillion (US$321.2 million), annual increases of 49.6% and 11.9%, respectively.

In addition, the low-cost airline Vietjet Air operated about 1,500 flights, serving nearly 260,000 passengers during the National Day holiday (September 2 to 4). The number of Vietjet Air’s passengers this holiday increased 27 percent year-on-year, with punctuality rate reaching 88.3 percent.

The airline also launched various programs during its flights, such as presenting gifts and domestic flight tickets to customers. On the occasion, the carrier announced a new route from Ho Chi Minh City to Jakarta (Indonesia) and opened the Hanoi – Yangon (Myanmar) route.

Currently, Vietjet Air boasts a fleet of 45 aircraft, including A320s and A321s, and runs over 350 flights per day. It currently operates 73 routes in Vietnam and across the region to Singapore, South Korea, China, Thailand, Indonesia, Myanmar, Malaysia, and Cambodia.

According to Forbes, the top 50 companies’ market capitalization occupied more than 60% of the total market on the two courses, the same as the previous year. Their total revenue stood at VND734.8 trillion (US$32.3 billion), up 55% annually, while their profits picked up by 49% to VND79.46 trillion (US$3.49 billion).

Forbes Vietnam’s top 50 best-listed companies’ rankings acknowledge firms with the best business and financial performances listed on the local stock exchanges./.

VNF/Hanoitimes  
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