The Hanoi Railway Transport JSC (Haraco) has said that it will run extra passenger trains on the Hanoi – Lao Cai route, starting from September, to meet the rising travel demand to the resort town of Sa Pa.
The Hanoi Railway Transport JSC (HRT) earned 469 billion VND (20.5 million USD)
in the fourth quarter of 2020, down 21 percent year-on-year.
Cost of goods sold accounts for most of net revenue, thus gross profit totaled
only over 8 billion VND, down sharply compared to 42 billion VND in the same
period of 2019. After deducting expenses, the after-tax loss in Q4 was
estimated at nearly 55 billion VND, while in the same period last year its loss
was just more than 12.5 billion VND.
In 2020, HRT achieved revenue of 1.94 trillion VND, down 24 percent
year-on-year. It suffered a loss of 195 billion VND in the year while enjoying
profit of 14 billion VND in 2019.