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Airport operator ACV eyes quintupling yearly profits

by 198 Vietnam News
May 7, 2022
in VIETNAM MANUFACTURE NEWS
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By Anh Tu  &nbspMay 6, 2022 | 06:00 am PT
Airport operator ACV eyes quintupling yearly profits

Passengers examine in at Noi Bai Worldwide Airport in Hanoi. Picture by Shutterstock/gracethang2


The Airports Company of Vietnam (ACV) expects its pre-tax earnings to prime VND4.69 trillion, some 4.7 instances larger than final yr.

The operator of twenty-two airports throughout the nation additionally targets a 2.6-time improve in revenues to VND12.56 trillion.

It reported all-time excessive earnings of VND10.15 trillion within the pre-pandemic yr of 2019, however Covid-19 dragged the enterprise down, inflicting earnings to fall to VND2 trillion and VND990 billion in 2020 and 2021, respectively.

It noticed indicators of restoration within the first quarter this yr, with revenues doubling quarter-on-quarter to VND2.1 trillion and pre-tax earnings reaching VND1.08 trillion, or 23 p.c of its yearly plan.

ACV additionally plans to speculate a most of VND20.07 trillion in key tasks, together with Lengthy Thanh Worldwide Airport and T3 Terminal of Tan Son Nhat Worldwide Airport.

As of March 31, its complete belongings have been over VND53.8 trillion, down VND1.14 trillion in comparison with the start of this yr.



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