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VietJet reports quarterly profit to September 30
December 15th 2021
VietJet Aviation Joint Stock Company has reported a 72.9 billion dong (US$3.1 million) net profit for the three months to September 30, returning to the black from a net loss of 971.4 billion dong in the same three months of 2020. Read More » Revenue declined 5.5%, to 2.7 trillion dong, but in a regulatory filing, the LCC said cost of sales was 38.8% lower, at 2.1 trillion dong. The company's financial accounts noted it has received support from banks, counter parties and suppliers during the COVID-19 pandemic. VietJet has responded to the pandemic with measures that have included expanding and developing the cargo business, executing the scheme of financing and trading of aircraft and controlling operating costs. "We are confident the group will overcome this difficult period and be well prepared for recovery after the COVID-19 pandemic," the VietJet accounts said.
