Airports Corporation of Vietnam earns healthy profits over first three quarters
The Airports Corporation of Vietnam (ACV) earned trillions of VND in revenue in the initial three quarters of this year.
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Specifically, it earned over VND3.9 trillion (US$169.5 million) from sales and services just in the third quarter, raising the total to about VND12 trillion between the beginning of this year to September 30, up 15.8% year-on-year.
Revenues from financial activities hiked from VND893 billion in 2017 to over VND1.1 trillion this year. Profits in affiliated companies reached VND257 billion, up 43%.
By the end of the third quarter, ACV’s after-tax profit for the year so far had topped VND4.9 trillion, up 67% annually. As of September 30, 2018, its total assets reached more than VND53.5 trillion.
ACV leaders attributed the growing revenue to increasing passenger and cargo volume at airports and rising aviation service fees in line with the Decision No.2345/QD-BGTVT by the Ministry of Transport.
Economists forecast that ACV could increase its revenue by an additional VND1.081 billion each year thanks to the new aviation service fees.
