Sai Gon-Ha Noi Securities Joint Stock Company (SHS) has reported that its post-tax profit in the first quarter of 2018 tripled from a year ago to VND136 billion (US$6 million).

The company recorded higher growth in all segments, with a total revenue of VND365 billion in the first quarter of this year – 2.5 times the revenue earned during the same period in 2017.

Of the total revenue, earnings from proprietary trading accounted for VND164 billion, revenue from margin lending reached VND95 billion and revenue from brokerage was VND79.4 billion.

The figures were up 6.3, 1.6 and 1.8 times, respectively, the earnings in the same period last year.

The increase in earnings in the first quarter also helped the firm’s four-quarter accumulated earnings-per-share ratio reach VND4,366 (19 cents) per share, equivalent to a trailing price-to-earnings ratio of 5:1.

In the first four months of 2018, SHS launched two corporate bond issuances worth VND1.15 trillion to provide additional capital for margin lending.

The company made the first corporate bond issuance in February 2018 under private placement, raising VND500 billion.

SHS plans to raise VND650 billion from the second corporate bond issuance in the second quarter of this year.

According to data of the HCM City and HaNoi stock exchanges, SHS ranked sixth on the southern bourse and fourth in the northern market in terms of market shares. The figures were 4.15 per cent and 8.62 per cent, respectively.

SHS is listing 100 million shares on Ha Noi Stock Exchange. — VNS