VietJet Aviation Joint Stock Company (HOSE code: VJC) recorded a strong yearly increase of 103 per cent taking its 2017 after-tax profit to more than VND5 trillion (US$223 million).

This profit also surpassed by 150 per cent the target set earlier, according to its 2017’s audited consolidated financial results released on Saturday.

During the year, the company’s net revenue stood at VND42.3 trillion, an increase of nearly VND45 billion while cost of sales decreased from VND36.3 trillion to VND35.75 trillion.

Profit attributed to shareholders of the parent company increased from VND4.52 trillion to more than VND5 trillion, equivalent to an increase of VND546 billion. Earnings per share (EPS) stood at VND11,356, an increase of 73 per cent year on year.

With an increase of profit attributable to shareholders of the parent company, VietJet’s unallocated profit up to December 31, 2017 topped VND5.8 trillion.

Previously, the company raised its 2017 dividend payout from 50 per cent to 60 per cent due to the positive business results. VietJet advanced the 2017 cash dividend payment at the rate of 30 per cent and planned to pay the other 30 per cent dividend by shares. — VNS