The firm has aimed to obtain revenues of VND6.5 trillion (VND276.59 million) and post-tax profits of just VND3 billion (127,659) this year. It has planned to pay taxes of VND115 billion in the year.
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Due to the Covid-19 pandemic, VNR suffered great losses in 2020-2020 period. In 2021, the company faced losses of over VND530 million. The figure dropped to VND130.5 billion last year.
In the first quarter of this year, the Vietnamese railway industry saw a considerable recovery. During the period, Hanoi Railway Transport JS Company served 800,000 passengers, recording a growth of 200 percent on-year. The firm achieved total revenue of VND300 billion from passenger transport, up 200 percent on-year.
Meanwhile, Saigon Railway Transport JS Company 660,000 passengers in the first three months of this year, up 136 percent on-year. This helped the company to record revenue of VND360 billion, up 147 percent on-year.
The railway sector has offered many attractive discounts to lure passengers. Ticket prices in the low season have been reduced by 50-60 percent.
