Customers buy goods at a duty free shop of Southern Airports Services Joint Stock Company (SASCO) in Noi Bai International Airport in Hanoi (Photo: SASCO) Services such as airline meals, duty-free sales, restaurants, and businesslounges thus also benefited.
Southern Airports Services Joint Stock Company (SASCO) announced its Q2 netrevenue reached nearly VNĐ296 billion (US$12.65 million), up 216% over the sameperiod last year. Profit after tax of enterprises in the period reached nearly 84billion VND, up 680% compared to a loss of nearly 14.5 billion VND in the sameperiod last year. This is the highest quarterly profit since 2019.
In the first six months of this year, SASCO recorded a net revenue thatdoubled last year, reaching 427 billion VND. With a cost of goods sold of 211billion VND, the gross profit of this business reached nearly 216 billion VND,up 212% over the same period last year.
After deducting expenses, SASCO’s post-tax profit was 85.6 billion VND, whilein the same period last year, this business recorded a loss of 1.8 billion VND.
SASCO said that the company's business was gradually recovering when the numberof domestic flights increased, international commercial flights graduallyresumed, while in the same period last year the company was strongly affectedby social distancing.
Sai Gon Ground Services JSC (SAGS) achieved Q2 net revenue of 237.6 billion VNDand gross profit of nearly 80 billion VND, up more than 163% and 210%respectively over the same period in 2020.
Accumulated in the first 6 months, SAGS recorded 406 billion VND in netrevenue, up 126%, nearly 79 billion VND in profit after tax, up 143%year-on-year.
For this year, SAGS set a consolidated revenue target of 795 billion VND, netprofit is estimated at 108 billion VND. Thus, this enterprise has completed 51%of the revenue plan and 73% of the profit plan.
In the first half of this year, Noi Bai Cargo Terminal Service Joint StockCompany (NCTS) also recorded a slight growth of 9% in revenue, reaching nearly 372billion VND, profit after tax reached 142 billion VND, up 7% over the sameperiod in 2021.
Besides businesses with positive growth, many businesses in the airline serviceindustry, although not recording profits, also saw a remarkable reduction inlosses in the first half of this year.
Taseco Air Services JSC (AST), which owns a chain of more than 100 retailstores at Vietnam’s airports, mainly at Noi Bai and Da Nang airports, alsostarted to report profit after two years of recording losses.
In the second quarter, this enterprise recorded nearly 134.6 billion VND inrevenue, up 266% year-on-year, nearly 16.6 billion VND of profit after tax.
Accumulated in the first six months of the year, this business has arevenue of over 202 billion VND, up 1.8 times over the same period in 2021,reducing its loss to 7 billion VND while in the same period last year, Taseco'sloss was 67 billion VND.
Noi Bai Catering Service JSC (NCS), a subsidiary of Vietnam Airlines, in thefirst six months of this year, reported revenue doubling, reaching 144.4billion VND. Its losses fell by 73%, equivalent to nearly 32 billion VND,to negative 11.77 billion VND compared to the loss of negative 43.68 billionVND in the first half of 2021.
Da Nang Airport Service Joint Stock Company (MASCO) also reported its lossdeclining from negative 7.4 billion in the first half of 2021 to negative 1.35billion VND in the first half of this year. Meanwhile, revenue grew 130% overthe same period last year./.
VNA
