Vietjet AGM 2018: Continues leading the trend, maintains high growth by expanding international routes in 2018, ratio of dividend payment of 50%

According to a report presented by Mr. Luu Duc Khanh – Managing Director of Vietjet – on behalf of the Board of Management, company had a successful year in all aspects in 2017.

Specifically, Vietjet received 17 aircraft, including the first A321 Neo in South East Asia. By continually saving cost efficiently, for the time being, Vietjet is the the airlines that maintains its most efficient operating cost  in the region. Indicators of operation safety, ground operation were at the highest of the region, the technical reliability reached to 99.66%, the highest level for the Airbus A320/321 fleet. 

To Continue to expand domestic routes as well as the markets to North Asia region, till the end of 2017, Vietjet operated 38 domestic routes and 44 international routes connecting the cities of more than a half of the world’s population. The company operated 98,805 safe flights, transported 17.11 million passengers, an increase of 22% over 2016.

Together with increasing the volume of flown international passengers and international charters, ancillary was up in proportion to the number of flights. Vietjet continued to have a good harvest in term of finance. According to audited consolidated financial statements of 2017, revenue stood at VND42,303 billion, after tax profit stood at VND5,073 billion, increase of 54% and 73% respectively over 2016. Earning per shares reached to VND11,356.

On February 28th, 2017, Vietjet listed its shares on Ho Chi Minh Stock Exchange (HOSE) with the Board of Directors’ commitment to apply international standards in corporate governance, management and information transparency. 

Upon the positive business results, Board of Directors submitted to and got approval from the shareholders to increase the dividend payment of 2017 from 50% to 60%. Accordingly, company advanced 30% dividend payment in cash and will pay a cash dividend of 10% on May 25th. Vietjet will pay a dividend of 20% by shares. 

In 2018, the company plans to have VND50,970 billion revenue and VND5,800 billion profit, increases of 20.5% and 10% respectively compared to those of 2017. ESpecially, Board of Directors continued to submit to and get approval from the shareholders to increase the dividend payment of 2018 to 50%.

The aviation market of Vietnam and the region will continue a strong growth in 2018 when the economy achieves the highest GDP growth ever and the government is promoting tourism to become a key economic sector, which attract millions of foreign tourists to Vietnam. With the expansion and increasing frequency of international routes to Japan, India and Australia, Vietjet is   heading to a muli-national airline model with the global vision and competitive ability.