Audited business
results of 2018 showed its total revenue of VND53,577 billion (TWD71.31 billion) and VND5,816 billion
(TWD 7.74 billion) profit before
tax.
Remarkably, in
the context of rising oil prices by 30%, air transport revenue reached to
VND33,779 billion (around TWD 44.96 billion) and air transport profit before
tax was VND3,045 billion (around TWD 4.053 billion), increasing respectively by
49.8% and 48.9% over the previous year, which showed the company’s ability to
grow revenue and its good cost management. It can be seen that Vietjet’s strong
growth in 2018 comes from its core business of air transport services.
Vietjet has a
good record of paying high dividends from year to year, from 50% to 70% in both
cash and shares. Thanks to its high and continuous growth, abundant cash
resources, Board of Directors of VJC has submitted to its shareholders 2018
dividend payment at the rate of 55%, higher than the previous approved plan.
As to December
31st, 2018, the total consolidated assets reached VND39,086 billion
(around TWD 52.02 billion), an increase of 23.5% year on year; equity was VND14,038
billion (TWD 18.69 billion), up 32.5% year
on year. The Company’s cash balance as at
December 31st, 2018 was VND7,165 billion (TWD 9.53 billion). Debt to equity ratio decreased to 1.78
in 2018 from 1.99 in 2017. Similarly, net debt per equity ratio was very good,
sharply decreased to 0.39 in 2018 from 0.71 in 2017.
In 2018, Vietjet
has been the leading the domestic market in terms of transported passengers and
strongly developed international flight network, operated 118,923 flights on
105 routes, including 39 domestic and 66 international ones, covering
destinations in Vietnam and Japan, Hong Kong (China), Singapore, South Korea
and Taiwan (China), Thailand, Myanmar, Malaysia, Cambodia, China. The international network expansion
strategy of Vietjet was highly promoted in order to increase the foreign
currency collection from ticket sales and to take advantage of lower fuel price
at international markets. The proportion of international revenue surpassed
domestic revenue and reached 48% of total air transport revenue.
In 2018, load factor of the year reached to over
88.06%, the technical reliability was 99,64% and the on-time performance (OTP)
stood at 84.2%. Vietjet began to receive and operate the new generation A321neo
aircraft which could save up to 16% fuel cost, contributing to decreasing
Vietjet’s operating costs in the coming years. Vietjet's fleet as of 31st
December 2018 was one of the youngest over the world with just average 2.82 year
old.
Vietjet also has
been successfully qualified with "IOSA International Air Safety" 3rd
certificate in September 2018. Vietjet's safety-operating indicators have been
among the leading airlines in the Asia-Pacific region and awarded the highest
ranking for safety with 7-stars in 2018 by the world’s only safety and product
rating website AirlineRatings.com.
Vietjet's
continuous and sustainable development in the past few years and business
results exceeding the 2018 plan, continuing to bring values, efficiency to
investors, create momentum to fulfill the mission of offering flying
opportunities to everyone, becoming the regional and international airline.