Vinasun's 2022 profit almost seven times higher than target

Created 26 January 2023

Economy & Money - Business

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Vietnam's leading taxi firm Vinasun posted VND185 billion (US$7.89 million) after-tax profit last year, which is 6.8 times higher than targeted.

The taxi operator recorded profits in all four quarters of 2022 after suffering losses in 2020 and 2021 due to the Covid-19 pandemic.

With efforts to recover the market in HCMC and the nearby Binh Duong and Dong Nai Provinces, and look for partnership opportunities in transport, technology and consumption sectors, the company earned revenues worth VND1.089 trillion last year, which is twice the figure of 2021.

By the end of last year, Vinasun's total assets were worth VND1.836 trillion, up nearly 20% from the beginning of the year.

At the closing the session on January 19 before the Lunar New Year break, Vinasun (VNS)'s stock value increased by nearly 6.8%, to VND18,150 per share.

Source: VNE

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