VJC: Explanation for the fluctuation in business result in Q4.2022

VietJet Aviation Joint Stock Company has explained the fluctuation in business performance in Q4.2022 as follows: Unit: VND billion Q4.2022 Q4.2021 % change FY2022 FY2021 % change Separate financial statements Revenue of sales and services 7.352 2.678 175% 32.506 9.065 259% Profit after tax 902 -121 844% 215 -7 3065% Consolidated financial statements Revenue of sales and services 11.807 2.789 323% 39.342 12.875 206% Profit after tax -2.359 -93 -2427% -2.171 122 -1881% The 2022 results show that the aviation industry strongly recovered after Covid-19. Accordingly, in Quarter 4/2022, Vietjet recorded the net revenue of VND7,352 billion (parent company), increased by 175% compared to Quarter 4/2021, and the profit reached VND902 billion. In 2022, the parent company's revenue reached VND32,506 billion and the profit reached VND215 billion. In addition, Vietjet recorded the payment for the budget of taxes, fees and charges directly and indirectly during the year was VND4,349 billion. Accordingly, Vietjet recorded the consolidated revenue was VND39,342 billion, the consolidated profit was -VND2,171 billion.