BANGKOK, 16 April 2024: Vietjet released its 2023 audit report last week, indicating a robust expansion of its international flight network and a revenue generation of USD2.16 billion from its transportation business.
Vietjet Aviation Joint Stock Company (HOSE: VJC) reported that its separate air transport revenue and consolidated revenue reached VND53.7 trillion (USD2.16 billion) and VND58.3 trillion (USD2.35 billion), respectively, increasing by 62% and 45% YoY in the order given.
Pre-tax profit
Notably, the company recorded a turnaround of pre-tax air transport profit and consolidated profit at VND471 billion (USD18.98 million) and VND606 billion (USD24.42 million), respectively.
As of 31 December 2023, Vietjet’s total assets totalled more than VND86.9 trillion (USD3.5 billion). The company’s debt-to-equity ratio was at 2, well below the typical global range of between 3 and 5. Vietjet’s liquidity ratio stood…
