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Home / Economy / Trade - Service
ACV posts pre-tax profit of US$217 million
Nguyen Tung 22:59, 2018/01/24
In 2017, Airports Corporation of Vietnam (ACV)’s revenue reached VND14.8 trillion (US$654 million), equivalent to 112% of the year’s plan and up 15% over the 2016, according to the firm’s report.
As such, ACV’s pretax profit is estimated at VND4.9 trillion (US$271 million) or 134% of the year’s target.
 
2017 is a successful year for ACV in term of profit.
2017 is a successful year for ACV in term of profit.
With the chartered capital of over VND25.6 trillion (US$1.13 billion); the return on equity (ROE) of ACV reached 14.38 (the rate in 2016 was 11.08), while return on assets (ROA) was 7.36, higher than 5.63 in 2016. 

As of December 31, 2017, the number of ACV’s shares in circulation is 2.1 million. 

In 2017, ACV has received 94.1 million passengers going through the airport, up 16% compared to 2016 and equivalent to 103% of the year’s plan. In which, foreign passengers were 30.3 million, up 27%; domestic passengers were 63.8 million, an increase of 12%.

AVC currently operates 22 airports nationwide, which is expected to receive 101.8 million passengers this year; in which 34.4 million are foreign passengers and 67.4 million are domestic passengers. 

With regard to financial targets, total revenue in 2018 of ACV is set at nearly VND16 trillion (US$707 million), up 7% compared to 2017, resulting in pre-tax profit of VND5.2 trillion (US$229 million), an increase of 5.3%. 

ACV is one of the 3 key enterprises in airline industry, alongside Vietnam Airlines and Vietnam Air Traffic Management Corporation (VATM). 

ACV is a joint stock company operating in the form of parent company – subsidiaries. The company was converted from single-member limited liability Company with 100% State-owned charter capital to a joint-stock company with 95.4% state holding shares, while other shareholders hold the remaining 4.6%. 

ACV operates under parent company – subsidiaries model, managing 22 airports nationwide, of which 7 are international airports: Tan Son Nhat, Noi Bai, Da Nang, Phu Bai, Cam Ranh, Phu Quoc, Can Tho, and 15 are domestic: Buon Ma Thuot, Lien Khuong, Rach Gia, Ca Mau, Con Dao, Phu Cat, Pleiku, Tuy Hoa, Chu Lai, Dong Hoi, Vinh, Cat Bi, Tho Xuan, Dien Bien and Na San; and also providing capital contribution to subsidiaries, joint-venture companies and affiliates.

From now to 2020, Airports Corporation of Vietnam – JSC shall continue to carry out the strategy of investment, improvement, modernization of airport infrastructure nationwide in line with modern, international-class standards; ensuring safety and security, effective and sustainable development; meeting the increasing demands of aviation business, always being a safe, dynamic and most attractive destination of Asia – Pacific.
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