Forbes Magazine honored Vietjet Aviation Joint Stock Company (HOSE code: VJC) as one of the Vietnam’s 50 best listed companies in 2018. With the 2017 revenue of VND42,303 billion, the market capitalization of VND88,915 billion, Vietjet was ranked among the Forbes’ list for the second consecutive year.
The companies being honored by Forbes this year were evaluated for industry categories, rated on the basis of CAGR, profit, ROE, ROC, EPS growth for the period of 2013 – 2017, the brand, the quality of corporate management, the source of profit, the prospect of sustainable development etc.
According to Forbes’ statistics, the 50 best listed companies on the Forbes’ ranking accounted for 70.8% of total market capitalization on the Ho Chi Minh and Hanoi stock exchanges. The combined total profit of these companies stood at VND106,949 billion, an increase of 34% over the previous year.
Listing officially in February 2017, Vietjet was quickly attracting the investors’ attention thanks to impressive business results and joined in VN30 index in its first year on the stock exchange. Vietjet reported its 2017 profit after tax of VND5,074 billion, surpassing 150% of the year plan and increasing 103% over 2016.
In 2018, the company plans to have VND50,970 billion in revenue and over VND5,800 billion in profit, increases of 20.5% and 10% respectively compared to those of 2017. Vietjet has been one of the highest dividend payers in the market with 60% in 2017, and expected to pay dividend at the rate of 50% in 2018.
At Farnborough Airshow 2018 (United Kingdom) recently, Vietjet signed order contracts for 100 Boeing 737MAX and 50 Airbus A321 increasing the total backlog of orders for Boeing to 200 aircraft and 171 Airbus ones which serving its expansion and alliance strategies in the region and over the world.
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