May 10, 2023 | 13:40

Hanoi Metro starting to turn a profit

Châu Anh

Metro line operator posts profit of nearly $4mln on revenue of $20.5mln in 2022.

Hanoi Metro starting to turn a profit
The Cat Linh - Ha Dong metro line.

Hanoi Metro, the operator of the Cat Linh - Ha Dong metro line in Hanoi, reported profit of nearly VND97 billion ($4 million) in 2022, marking its first year of profitability since opening in late 2021.

According to its audited financial report, Hanoi Metro generated total revenue of VND483 billion ($20.5 million) from sales and services last year, an increase of seven-fold against 2021.

Ticket sales grew nearly 12.5-fold to VND66 billion ($2.8 million).

It has set a target of earning VND519 billion ($21.9 million) in revenue this year and will carry 11 million passengers.

It carried 2.65 million passengers in the first quarter, up 262 per cent year-on-year.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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