Railway transport unexpectedly reports profit after 2 months of consolidation

Railway Transport Joint Stock Company unexpectedly reported a profit of more than 1 billion VND after two months of merging two transport businesses.

Railway Transport Joint Stock Company has just announced a profit of more than 1.3 billion VND from production and business activities in November and December 2024 after merging Hanoi Railway Transport Joint Stock Company and Saigon Railway Transport Joint Stock Company from November 1, 2024.

Accordingly, after 2 months of operating under the consolidated model, the revenue targets of this enterprise all exceeded the plan: Revenue from freight transport reached nearly 283 billion VND, exceeding by nearly 8.9%; Revenue from passenger and baggage transport reached more than 311 billion VND, exceeding by 3.9%; Total revenue and income reached more than 682.8 billion VND, exceeding by more than 3%.

Railways offer unique services on trains, attracting tourists and bringing high profits (Photo: illustration).

Notably, according to the financial report of Saigon Railway Transport Joint Stock Company in the first 10 months of 2024 (before consolidation), the profit after tax for 10 months reached more than 71 billion VND; this figure at Hanoi Railway Transport Joint Stock Company was 55 billion.

According to the Railway Transport Joint Stock Company, this result was achieved because the railway has promoted passenger transport products, especially targeting group tourists and experiential tourists such as the Central Heritage cruise train between Hue - Da Nang, charter trains, etc. Therefore, in addition to regular passengers, the railway has transported many large groups of tourists, bringing in stable revenue.

Regarding the 2025 target, the company plans to achieve revenue of VND 5,196 billion, after-tax profit of more than VND 25 billion. Continue to offer passenger transport products aimed at tourists such as charter trains, full-car services, community cars; expand links with localities and tourism businesses to organize train tours, sell and contract train itineraries. Continue to promote specialized freight transport, specialized routes, international intermodal transport, etc.

Source: https://www.baogiaothong.vn/van-tai-duong-sat-bat-ngo-bao-lai-sau-2-thang-hop-nhat-192250310173512342.htm