A Cat Linh – Ha Dong Metro train is seen in Hanoi. Photo by VnExpress/Pham Chieu.
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 was posting an accumulated loss of nearly VND37 billion, one-fifth of the losses in 2021.
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Hanoi Metro also started to receive 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.
Source: VnExpress
