TIẾNG VIỆT Taxi firm Vinasun sees after-tax profit surge 68 percent: VnExpress
Vinasun is facing fierce competition with ride hailing apps. Photo: zing.vn
Between January and September, Vinasun earned gross revenues of more than $66.62 million, of which 86 percent came from its taxi service, the company's financial statement says.
It attributes the higher after-tax profit to a reduction in operating costs, as well as earnings of $2.79 million from its taxi advertising service and liquidation of older cars.
By the end of the third quarter, Vinasun's total capital stood at over over $106 million, of which undistributed profits for shareholders accounted for over over $30 million.
Dang Phuoc Thanh, chairman of the Vinasun board of directors, said at its recent annual general meeting that the company's profit is expected to increase 10 times year-on-year in 2019, thanks to its restructuring.
Source: VnExpress
