ACV - Higher passenger traffic propels top-line growth - Earnings Flash

Company Research

01 Feb 2018

ACV’s consolidated 2017 reported revenue fell 5.5% to VND13.9 trillion (USD610 million) and NPAT-MI was down 18.1% to VND4.2 trillion (USD184 million). The monopoly airport operator’s reported results were negatively impacted by the handover of runway ownership to the military in 2016, resulting in one-off maintenance provisioning gains in 2016 and termination of aircraft take-off and landing revenue from 2017.
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