toggle icon
logo text
logo symbol
toggle icon
Back

VJC - Earnings beat despite headwinds from higher oil prices - Earnings Flash

Company Research

31 Oct 2018

VJC’s consolidated 9M 2018 revenue and NPAT-MI grew 50% YoY to VND33.9tn (USD1.5bn) and 33% YoY to VND3.6tn (USD156mn), respectively. Core airline 9M 2018 revenue was up 50% YoY to VND25.4tn (USD1.1bn), while NPAT grew by only 15.5% YoY to VND2.2tn (USD95mn), mainly due to higher oil prices as average Brent crude prices increased 40.9% YoY. Core airline results reflect parent company or total results excluding contributions from sale and leaseback (SALB) transactions and cargo transport

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

/trung-tam-phan-tich