West Coach Station in Ho Chi Minh City. Photo courtesy of the company
West Coach Station, one of the largest bus stations in HCMC where people travel to and from the Mekong Delta, posted VND75.5 billion (US$3 million) in profit last year, highest since its establishment.
It recorded a revenue of VND158.3 billion. Both profit and revenue went up by around 13%.
The company, which has been operating for 50 years, had VND121.6 billion in accumulated profit by the end of last year.
HCMC’s ban of sleeper buses from entering the downtown area, which came into effect last year, is believed to have improved the bus station’s competitiveness and performance.
Its WCS stock closed last week at VND302,100, up 64% from the beginning of last year.
The company is set to pay dividends in cash at VND16,000 per share, an eight-fold jump from the last three years.
