Vietjet to pay dividend worth $28.3 million

Monday, Jul 17, 2017 15:19

Vietjet aircraft land at Noi Bai International Airport. Currently, the airline boasts a fleet of 48 aircraft, providing 350 flights each day. — Photo

Vietjet Aviation Joint Stock Company will pay 2017’s first-phrase dividend at the rate of 20 per cent in cash, following its management board’s resolution.

The registration deadline is July 31, and dividend will be paid on August 15.

“With Vietjet’s (VJC on the HOSE) charter capital at around VND3.22 trillion ($142 million), the total dividend to be paid is equivalent to VND645 billion ($28.3 million),” the company said in its statement released after the resolution was issued last week.

Besides this dividend payment, Vietjet will also confirm the bonus share dividend at the rate of 40 per cent soon, following the allocation of 2016’s profits, which was approved at the company’s 2017 annual shareholders’ meeting and is now under consideration for approval by the States Securities Committee.

In 2017, Vietjet plans to pay a dividend of up to 50 per cent.

At the end of 2017’s first quarter, Vietjet’s audited redundancy capital was VND1.53 trillion ($67.5 million) and unallocated after-tax profit was VND2 trillion ($91.5 million).

Vietjet is the first airline in Viet Nam to operate as a new-age airline with low-cost and diversified services to meet customers’ demands. Currently, the airline boasts a fleet of 48 aircraft, including A320s and A321s, and operates 350 flights each day. — VNS

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