Vietnam Airlines loses 13,000 billion dong in 2021, accumulated loss is approximately 1 billion USD
Vietnam Airlines Corporation – JSC (Vietnam Airlines) has just announced its financial report for the fourth quarter of 2021 with net revenue of VND 9,179 billion, up 13% over the same period last year.
However, Vietnam Airlines still did business below cost, causing a gross loss of more than 1,100 billion dong. Therefore, Vietnam Airlines has a pre-tax loss of VND 1,076 billion and is the 8th consecutive quarter of loss.
By the end of 2021, Vietnam Airlines achieved a revenue of VND 27,911 billion, down 31% compared to 2020 and equal to the revenue level of 2007.
In terms of profit, Vietnam Airlines lost 13,024 billion dong in 2021, up 19% compared to 2020. After 2 years of Covid, Vietnam Airlines lost nearly 24,000 billion dong.
With this result, by the end of 2021, Vietnam Airlines has accumulated an accumulated loss of nearly VND 22,000 billion, bringing its equity down to just over VND 500 billion, even though Vietnam Airlines has just raised another VND 8,000 billion from shareholders. in the third quarter of 2021.
Vietnam Airlines’ liabilities are currently at VND 62,600 billion, of which total debt is VND 34,800 billion, including short-term debt of VND 14,374 billion and long-term debt of VND 20,424 billion.
By Business and Marketing
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
