toggle icon
logo text
logo symbol
toggle icon
Back

HVN - Earnings supported by partial fuel rise pass-through - Earnings Flash

Company Research

01 Aug 2018

HVN’s consolidated H1 2018 revenue was up 18.6% YoY to VND47.9tn (USD2bn), while NPAT-MI spiked 77.8% YoY to VND1.3tn (USD59mn). Vietnam Airlines’ stand-alone (VNA) H1 2018 revenue and NPAT increased by 13.7% YoY and 105.5% YoY, respectively. The results were driven by strong top-line growth from HVN’s subsidiaries and affiliates, higher financial income coupled with margin expansion from the combined effect of a partial pass-through of higher fuel costs and cost control.

Contact us for a research access: (+84) 2 8888 2 6868

/trung-tam-phan-tich