ex. Game, Music, Video, Photography

Conglomerate FLC reconciles to $84 mln loss in 2020 due to pandemic

With the coronavirus pandemic crippling its core businesses, property and leisure company FLC expects a loss of VND1.96 trillion ($84 million) this year.

Ngày đăng: 23 tháng 9, 2021
Cập nhật: 22 tháng 1, 2023
Lượt xem: 336236601
Nguồn: vnexpress

It has lowered its revenue target to VND12.5 trillion ($539 million), down 21.5 percent from last year’s figure, according to a company release.

In the first quarter it posted a loss of nearly VND1.9 trillion ($82 million) as resorts and golf courses were closed while its airline, Bamboo Airways, had to suspend most flights.

The company has identified real estate as its main business this year with plans to develop five urban areas and resorts. Last year real estate had accounted for only 14 percent of its revenues.

With domestic flights allowed to go back to their normal schedule, FLC is sticking to its target of claiming a 30 percent domestic market share this year, and also plans to fly to more destinations in East Asia, Europe and the Americas.

However, it has changed its purchase plans and now seeks to expand its fleet to 40 aircraft and not 50.

It still wants to list Bamboo Airways on a Vietnamese stock exchange by the end of the year.

FLC reported revenues of VND15.9 trillion ($685 million) last year, a 32 percent rise, while post-tax profit was up 48 percent to VND696 billion ($30 million).


Tin tức liên quan

Give a Vietnamese driver a phone. Tragedies happen
news 15/09/2021

Give a Vietnamese driver a phone. Tragedies happen

news | 314296612

Letting distracted driving go unpunished is an invitation for more disasters.

  Indian tourists keen on Vietnam trip as direct routes increase
travel 26/06/2022

Indian tourists keen on Vietnam trip as direct routes increase

travel | 394826609

Google data has revealed Indian tourists are increasingly keen on visiting Vietnam as carriers have launched more direct flights.

  Vietnam urges passengers to test for Covid before entry to S Korea
travel 27/08/2022

Vietnam urges passengers to test for Covid before entry to S Korea

travel | 408046614

The Civil Aviation Authority of Vietnam asked passengers to obtain a negative Covid test result before arriving in South Korea to avoid being denied entry.

At least 35 killed, 40 wounded in Istanbul nightclub
world 23/09/2021

At least 35 killed, 40 wounded in Istanbul nightclub 'terror attack'

world | 334376609

Two gunmen entered the nightclub dressed as Santa firing shots at random.

Hanoi threatens to name and shame people with skimpy clothes
travel-life 13/09/2021

Hanoi threatens to name and shame people with skimpy clothes

travel-life | 309566612

The city, aiming to become a 'civil and polite' destination, is working on etiquette .

 Two men caught with 12,000 ecstasy pills in northern Vietnam
news 13/09/2021

Two men caught with 12,000 ecstasy pills in northern Vietnam

news | 306896613

Police in the northern Lang Son Province have arrested two men for allegedly possessing 12,000 ecstasy pills.

 ‘Resume international travel faster,’ EuroCham tells Vietnam
business 28/01/2022

‘Resume international travel faster,’ EuroCham tells Vietnam

data-speaks | 368616611

Vietnam should go faster in reopening travel activities to initiate tourism and increase public direct investment as the country begins to recovery from Covid-19 impacts, EuroCham stated.

Saigon museum dresses the part to tell an ao dai story
travel 13/09/2021

Saigon museum dresses the part to tell an ao dai story

places | 306816599

A permanent ao dai exhibition in Saigon displays around 150 models of the national dress, tracing its development through different historical periods.

Nocturnal fix to offer Tan Son Nhat airport runway temporary respite
business 16/09/2021

Nocturnal fix to offer Tan Son Nhat airport runway temporary respite

companies | 317726619

Authorities at Saigon's Tan Son Nhat Airport are seeking permission from the Civil Aviation Authority of Vietnam to repair its damaged runway at night.

 Vietnam to purchase more power from Laos
business 29/03/2021

Vietnam to purchase more power from Laos

economy | 143036654

National utility Vietnam Electricity (EVN) has signed three memoranda to purchase power from Laotian companies amid expected energy shortages.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…