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Saturday, October 12, 2024

Vietjet posts strong performance in H1

The Saigon Times

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HCMC – Vietjet Aviation JSC, which trades its VJC shares on the Hochiminh Stock Exchange, saw its pre-tax profit in the first half of 2024 rocket by 688% over the same period last year.

The firm’s air transport revenue amounted to VND33.86 trillion, with pre-tax profit rising to VND1.17 trillion. However, its consolidated January-June earnings report put its revenue at VND34.03 trillion and its pre-tax profit at over VND1 trillion, up by 15% and 307% year-on-year, respectively.

In the first six months of the year, the private air carrier operated 70,000 flights and transported 13.1 million passengers, including 5.5 million international passengers. It currently operates flights on 38 domestic and 111 international routes.

Closing the trading session today, September 10, VJC advanced by 1.17% to VND104,200 per share, with 778,000 shares traded.

The VN-Index lost 12.50 points, or 0.99%, to 1,255.23 points at the close on Tuesday, as losses among blue-chip stocks weighed on the market. The southern bourse saw 94 winners and 320 losers.

Trading volume and value rose sharply, with over 690 million shares worth VND15.6 trillion changing hands, up by 39% and 33% over the session earlier, respectively. Block deals accounted for more than 88 million shares valued at VND1.66 trillion.

Among the 30 largest-cap stocks, SSB was the biggest decliner, losing 6.08% to VND17,000 per share. VRE dipped by 4.5% to VND19,200 per share.

VCB, despite falling only 1.3%, had the largest impact on the index, taking away 1.6 points from the main index. Other blue chips such as VPB, BID, and CTG lost between 1.1% and 1.8%.

Securities broker VIX took the lead by liquidity, with over 21.3 million shares transacted.

With 46 advancers and 96 decliners, the HNX-Index decreased by 1.77 points, or 0.76%, to 231.69 points. There were 51.3 million shares valued at VND968.7 billion changing hands on the northern market.

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