The Western Bus Station Joint Stock Company (WCS) recently released its second-quarter financial report, revealing record-breaking revenue of nearly 43.5 billion VND, a 10% increase compared to the same period in 2024.

Management attributed this success to new transport companies registering routes at the station and existing companies adding routes to accommodate the increased passenger volume during peak season and the 30/4 holiday. Concurrently, WCS adjusted commission fees for ticket sales and reduced the hourly rate for parking services.

Passengers await departure at the Western Bus Station. Photo: Giang Anh

Passengers await departure at the Western Bus Station. Photo: Giang Anh

Financial activities and other income sources saw a 16% increase, reaching nearly 4.8 billion VND. This is due to slightly higher interest rates on deposits and increased passenger traffic, which boosted other service businesses. WCS currently has over 300 billion VND in bank deposits.

While revenue streams improved, total expenses increased by only almost 10%, reaching nearly 20.3 billion VND. The main changes in expenses came from increased salaries, severance pay, meal allowances, fixed asset depreciation, and electricity costs. Other fixed costs remained unchanged.

Overall, the Western Bus Station's after-tax profit surpassed 22.3 billion VND, an 11% increase compared to the same period last year. This marks a record profit for the company since it began publishing financial information in 2009. Over the past four quarters, their after-tax profits have shown a trend of exceeding pre-pandemic levels.

For the first six months of the year, WCS reported over 86 billion VND in revenue and nearly 43.3 billion VND in after-tax profit, representing increases of 9.5% and 10% respectively compared to the same period last year. The company has already achieved nearly 49% of its annual revenue target and over 56% of its profit target. If conditions remain favorable, this year could be the most profitable in the Western Bus Station's history.

To achieve its goals, WCS estimates it will serve nearly 488,500 vehicles. This translates to approximately 10.7 million departing passengers, a 1% increase. On average, the Western Bus Station expects to handle around 1,338 trips and 29,270 passengers daily.

This year, the company's management has implemented several strategies, including focusing on the effectiveness of their online ticketing system and other amenities. They will regularly review work processes to ensure customer convenience. WCS also plans to continue improving infrastructure, enhancing the station's aesthetics, and optimizing business services for greater efficiency.

The Western Bus Station currently hosts over 145 transport companies operating approximately 3,450 vehicles across 175 routes to 29 provinces and cities nationwide. The station also houses 12 food and beverage vendors, serving over 28,000 passengers daily.

On the stock market, WCS shares have rebounded significantly from the market downturn in early April. As of the closing bell on 23/7, the stock price reached 414,000 VND per share. This represents a more than 50% increase since the beginning of the year, making it the highest-priced stock on the entire stock market.

Tat Dat