Based on the audited financial report 2023, representing the aviation industry, Vietjet has ranked 5th in revenue with VND58.3 trillion, marking a 45 per cent increase compared to the same period in 2022.
Shareholders also approved the 2024 profit distribution plan, in which dividends and advanced dividends will be paid in cash and stock at a maximum ratio of 25 per cent.
Ancillary and cargo revenue amounted to nearly VNĐ21 trillion, surging over 60 per cent year-on-year or accounting for 39 per cent of the total air transport revenue.
Revenue in passenger transport in the period surpassed VND5.81 trillion, generating a pre-tax profit of VND13.7 billion, according to its financial results for H1 released on Monday.
Vietjet Aviation Joint Stock Company (HoSE: VJC) recorded lower-than-expected loss of VND1.44 trillion (about US$62 million) for its air transport activities in the first half of 2020.
In the first half of this year, the airline’s loss stood at VND2.11 trillion ($90.5 million), which was considered a modest number compared to the total loss of more than $84 billion for the global aviation industry, according to the report.
As soon as the domestic market resumed, Vietjet quickly implemented a campaign called "Returning to the sky” and inaugurated eight new routes, increasing the domestic flight network to a total of 53 routes.
After three years, VOF earned $80 million in proceeds from dividend and sales proceeds with internal rate of return (IRR) of the investment being 86 per cent.