Monday, May 27 2019

VietNamNews

Vietnam Airlines to pay $63.9 million cash dividend

Update: May, 07/2019 - 08:45
Vietnam Airlines is set to pay a 2018 cash dividend worth US$63.9 million. — Photo Vietnam Airlines

HÀ NỘI — National flag carrier Vietnam Airlines, listed under code HVN, plans to pay cash dividends for 2018 at the rate of 10 per cent of charter capital, estimated at VNĐ1.49 trillion (US$63.9 million).

The State, which owns 86 per cent of the firm's capital, will receive about VNĐ1.22 trillion. Major shareholder ANA Holdings Inc. of Japan, which holds 8.8 per cent, will get VNĐ124 billion.

Vietnam Airlines said it conducted 141,300 flights in 2018, transporting 21.9 million passengers and making consolidated revenue of nearly VNĐ99 trillion and consolidated after-tax profit of VNĐ2.6 trillion, exceeding its plan for the year by 36 per cent.

Vietnam Airlines set a target this year to achieve consolidated revenue of nearly VNĐ111.7 trillion, up 13 per cent year on year, and consolidated after-tax profit of nearly VNĐ2.7 trillion, up 6 per cent. The total investment cost is expected to be over VNĐ5.4 trillion.

The carrier set a target to occupy a minimum of 55 per cent of the domestic aviation market and a strong market share in the international market, ensuring balance between growth, market share and efficiency.

Fleet development

According to the carrier's fleet development plan for 2021 to 2025, Vietnam Airlines will own an estimated fleet of 135-177 planes. Its narrow-body fleet will make up 95-120 of the units. It currently has 63 narrow-body aircraft.

The annual pre-tax profit of the entire network in the 2021-25 period is expected to be between VNĐ2.2 trillion and VNĐ3.6 trillion per year, of which the air transport profit from the narrow-body fleet will contribute between VNĐ359 billion and VNĐ1.4 trillion.

On May 7, Vietnam Airlines will list 1.4 billion shares on the Hồ Chí Minh Stock Exchange, moving from the UpCom. The reference price in the first trading session will be VNĐ40,600 per share; the first day fluctuation range is ± 20 per cent. — VNS

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