Vietjet shareholders get dividend of 10%

Monday, May 28, 2018 10:28

Vietjet aircraft land at Tân Sơn Nhất International Airport in HCM City. — Photo

Vietjet Aviation on Friday spent VND451 billion (nearly US$20 million) to pay a dividend of 10 per cent by cash to its shareholders.

Consequently, the budget airline has finished its 2017 dividend payment of 40 per cent in cash, the company said in a statement.

Earlier this month, Vietjet announced it would pay 2017’s dividend of 20 per cent by shares. In 2018, the company approved a dividend payment plan by 50 per cent.

Over the years, Vietjet has regularly paid high dividends to its shareholders.

In the first quarter of this year, Vietjet continued to grow. Specifically, revenue stood at VND12.56 trillion, up 146 per cent year on year thanks to the growth in passenger air transport, ancillary and sale and leaseback revenue.

Profit after tax of the parent company’s shareholders stood at approximately VND1.37 billion, a yearly rise of 263 per cent. Earnings per share in this quarter was VND3,026, one of the highest figures in the stock market.

Compared to the yearly target of VND50.97 trillion in revenue and VND5.8 trillion in pre-tax profit, the first quarter’s results achieved 25.5 per cent of the year’s target. — VNS

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