Vietnam Airlines JSC Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Net Sales

10,59,41,972.31

9,15,39,865.19

7,04,10,221.32

2,79,11,339.51

4,05,38,338.65

9,82,28,083.70

9,68,10,641.72

Other Operating Income

0.00

Total Operating income

10,59,41,972.31

9,15,39,865.19

7,04,10,221.32

2,79,11,339.51

4,05,38,338.65

9,82,28,083.70

9,68,10,641.72

Raw Material Cost

9,20,39,578.34

8,76,54,421.19

7,32,86,232.32

3,79,29,515.74

4,79,75,249.58

8,72,59,507.65

8,45,46,649.00

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

2,60,87,879.45

79,35,963.20

58,81,332.90

43,65,016.66

47,98,941.46

96,32,068.52

96,56,554.29

Power Cost

0.00

Manufacturing Expenses

22,41,974.18

28,04,170.08

21,67,497.57

12,75,258.40

11,77,282.17

17,23,701.09

21,97,496.58

Selling and Distribution Expenses

69,22,205.27

63,12,230.06

48,67,301.52

27,83,467.71

33,82,980.84

68,92,216.58

73,77,181.19

Other Expenses

-28,32,985.36

-10,74,013.33

-8,04,883.05

-5,64,027.51

-5,97,622.36

-11,35,576.96

-11,85,405.09

Total Expenditure (Excl Depreciation)

9,89,61,783.61

9,39,66,651.25

7,81,53,533.84

4,07,12,983.45

5,13,58,230.42

9,41,51,724.23

9,19,23,830.19

Operating Profit (PBDIT) excl Other Income

6980188.7

-2426786.0999999996

-7743312.5

-12801643.899999999

-10819891.799999999

4076359.5

4886811.5

Other Income

-6,83,282.95

28,878.38

-9,37,661.30

12,46,717.20

11,71,120.94

14,22,849.59

4,83,691.56

Operating Profit (PBDIT)

1,12,24,555.20

34,27,624.91

-52,41,494.35

-96,40,541.75

-68,21,826.90

1,02,55,292.90

1,03,90,574.68

Interest

22,41,974.18

28,04,170.08

21,67,497.57

12,75,258.40

11,77,282.17

17,23,701.09

21,97,496.58

Exceptional Items

45,27,574.58

0.00

1,38,898.32

Gross Profit (PBDT)

1,39,02,393.97

38,85,444.00

-28,76,011.00

-1,00,18,176.23

-74,36,910.93

1,09,68,576.05

1,22,63,992.72

Depreciation

50,94,513.26

59,86,064.14

35,36,492.40

20,49,422.94

29,61,203.22

51,42,695.40

50,20,071.59

Profit Before Tax

84,15,642.34

-53,62,609.32

-1,09,45,484.32

-1,29,65,223.09

-1,09,60,312.30

33,88,896.41

33,11,904.83

Tax

4,58,079.59

2,69,139.15

2,77,530.84

3,13,769.79

2,17,793.29

8,51,435.34

7,13,395.67

Provisions and contingencies

0.00

Profit After Tax

75,64,092.02

-59,30,301.56

-1,12,98,155.19

-1,29,07,117.62

-1,09,27,035.28

23,45,801.82

23,35,040.23

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

75,64,092.02

-59,30,301.56

-1,12,98,155.19

-1,29,07,117.62

-1,09,27,035.28

23,45,801.82

23,35,040.23

Share in Profit of Associates

0.00

Minority Interest

3,93,470.74

2,98,553.09

75,140.03

-3,71,875.25

-2,51,070.30

1,91,659.24

2,63,468.92

Other related items

0.00

Consolidated Net Profit

79,57,562.76

-56,31,748.47

-1,12,23,015.16

-1,32,78,992.88

-1,11,78,105.58

25,37,461.06

25,98,509.16

Equity Capital

0.00

Face Value

10000.0

Reserves

-1,00,16,715.15

-1,75,15,195.38

-1,15,62,896.23

15,06,412.48

63,30,863.56

1,81,47,244.13

1,81,21,480.59

Earnings per share (EPS)

2691.99

-2110.54

-4020.9

-6232.6

-4802.03

1030.89

1185.63

Diluted Earnings per share

2691.99

-2110.54

-4020.9

-6232.6

-4802.03

1030.89

1185.63

Operating Profit Margin (Excl OI)

6.43%

-2.83%

-11.14%

-46.35%

-27.02%

3.76%

5.05%

Gross Profit Margin

12.75%

0.68%

-10.52%

-39.11%

-19.73%

8.69%

8.61%

PAT Margin

7.14%

-6.48%

-16.05%

-46.24%

-26.95%

2.39%

2.41%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2024 is 15.73% vs 30.01% in Dec 2023

Consolidate Net Profit

YoY Growth in year ended Dec 2024 is 241.30% vs 49.82% in Dec 2023

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2024 is 250.36% vs 178.97% in Dec 2023

Interest

YoY Growth in year ended Dec 2024 is -20.05% vs 29.37% in Dec 2023

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2024 has improved from Dec 2023

Compare Annual Results Of Vietnam Airlines JSC With

Select Peers

Figures in Million

Consolidate Annual Results

Change(VND)

Change(%)

Net Sales

10,59,41,972.31

7,20,45,286.34

3,38,96,685.97

47.05%

Other Operating Income

0.00

Total Operating income

10,59,41,972.31

7,20,45,286.34

3,38,96,685.97

47.05%

Raw Material Cost

9,20,39,578.34

6,48,96,869.13

2,71,42,709.21

41.82%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

2,60,87,879.45

52,85,120.92

2,08,02,758.53

393.61%

Power Cost

0.00

Manufacturing Expenses

22,41,974.18

32,95,255.78

-10,53,281.60

-31.96%

Selling and Distribution Expenses

69,22,205.27

39,87,743.78

29,34,461.49

73.59%

Other Expenses

-28,32,985.36

-8,58,037.67

-19,74,947.69

-230.17%

Total Expenditure (Excl Depreciation)

9,89,61,783.61

6,88,84,612.90

3,00,77,170.71

43.66%

Operating Profit (PBDIT) excl Other Income

69,80,188.69

3,160,673.44

38,19,515.25

120.84%

Other Income

-6,83,282.95

19,57,199.22

-26,40,482.17

-134.91%

Operating Profit (PBDIT)

1,12,24,555.20

57,31,165.62

54,93,389.58

95.85%

Interest

22,41,974.18

32,95,255.78

-10,53,281.60

-31.96%

Exceptional Items

45,27,574.58

0.00

45,27,574.58

Gross Profit (PBDT)

1,39,02,393.97

71,48,417.22

67,53,976.75

94.48%

Depreciation

50,94,513.26

6,13,292.96

44,81,220.30

730.68%

Profit Before Tax

84,15,642.34

18,22,616.88

65,93,025.46

361.73%

Tax

4,58,079.59

4,18,613.48

39,466.11

9.43%

Provisions and contingencies

0.00

Profit After Tax

75,64,092.02

14,03,162.98

61,60,929.04

439.07%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

75,64,092.02

14,03,162.98

61,60,929.04

439.07%

Share in Profit of Associates

0.00

Minority Interest

3,93,470.74

840.41

3,92,630.33

46,718.90%

Other related items

0.00

Consolidated Net Profit

79,57,562.76

14,04,003.39

65,53,559.37

466.78%

Equity Capital

0.00

Face Value

10,000.00

0.00

Reserves

-1,00,16,715.15

1,70,96,613.99

-2,71,13,329.14

-158.59%

Earnings per share (EPS)

2,691.99

2,590.72

101.27

3.91%

Diluted Earnings per share

2,691.99

2,590.72

101.27

3.91%

Operating Profit Margin (Excl OI)

6.43%

4.39%

0.00

2.04%

Gross Profit Margin

12.75%

3.38%

0.00

9.37%

PAT Margin

7.14%

1.95%

0.00

5.19%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 1,05,94,197.23 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 15.73% vs 30.01% in Dec 2023

Annual - Consolidate Net Profit

Consolidate Net Profit 7,95,756.28 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 241.30% vs 49.82% in Dec 2023

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 11,90,783.82 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is 250.36% vs 178.97% in Dec 2023

Annual - Interest

Interest 2,24,197.42 Million

in Dec 2024

Figures in Million

YoY Growth in year ended Dec 2024 is -20.05% vs 29.37% in Dec 2023

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 6.43%

in Dec 2024

Figures in %

YoY Growth in year ended Dec 2024 has improved from Dec 2023