Hanoi Metro posts first profit
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Hanoi Metro, the operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million).
The profit was a turnaround from the VND37 billion loss recorded in 2021.
The company saw revenues surge sevenfold to VND483 billion.
The Cat Linh – Ha Dong Metro Line began commercial operation in June 2021.
By the end of last year, it posted an accumulated loss of nearly VND37 billion, one-fifth of the losses in 2021.
Hanoi Metro also received city subsidies in ticket sales last year, which it said would help improve its financial report.
The company sells a ticket for VND8,000-15,000 depending on the trip length. A monthly ticket costs VND200,000, with students and industrial workers paying half.
It now has nine trains operating, with a train running every six minutes during peak hours.
The Cat Linh – Ha Dong Metro Line, which took 10 years to complete, runs 13 kilometers on elevated tracks through 12 stations.
Each train can carry a maximum of 960 passengers. A complete trip takes 23 minutes.
Hanoi Metro plans to serve over 10.6 million passengers this year.
Questions & Answers
Q.What is the primary reason for Hanoi Metro's revenue surge and first profit last year?
What is the primary reason for Hanoi Metro's revenue surge and first profit last year?
The article states that Hanoi Metro received city subsidies in ticket sales last year. This support, alongside the line's commercial operation beginning in June 2021, helped improve its financial report and contributed to the profit.
Q.How long is the Cat Linh, Ha Dong Metro Line, and how many stations does it serve?
How long is the Cat Linh, Ha Dong Metro Line, and how many stations does it serve?
The Cat Linh, Ha Dong Metro Line runs 13 kilometers on elevated tracks. It serves 12 stations, with a complete trip taking 23 minutes from one end to the other.
Q.What is the standard pricing structure for tickets on the Hanoi Metro line?
What is the standard pricing structure for tickets on the Hanoi Metro line?
A single ticket costs between VND8,000 and VND15,000, depending on the trip length. A monthly ticket is priced at VND200,000, with students and industrial workers receiving a 50% discount.
Q.When did the Cat Linh, Ha Dong Metro Line officially begin commercial operations?
When did the Cat Linh, Ha Dong Metro Line officially begin commercial operations?
The Cat Linh, Ha Dong Metro Line began its commercial operations in June 2021. The article notes that it posted an accumulated loss by the end of last year, but its first profit was achieved last year.
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