Vietjet Aviation has released its audited financial statements for 2023 showing robust growth over the year 2023. The audited separate air transport revenue and consolidated revenue were reported at VND53.7 trillion (approx. US$2.16 billion) and VND58.3 trillion (approx. US$2.35 billion) respectively, increasing by 62% and 45% YoY in the order given. Notably, the company recorded a turnaround of pre-tax air transport profit and consolidated profit at VND471 billion (approx. US$18.98 million) and VND606 billion (approx. US$24.42 million) respectively.
Ancillary and cargo revenue amounted to nearly VND21 trillion (approx. US$846.6 million), higher than the compiled financial statements’ and increasing by more than 60% YoY. It was accounted for 39% of the total air transport revenue.
As of December 31, 2023, Vietjet’s total assets totalled more than VND86.9 trillion (approx. US$3.5 billion). The company’s debt-to-equity ratio was at 2, well below the typical global range of…