SSI named among 500 most profitable companies

Wednesday, Sep 30, 2020 08:00

SSI ranks among the companies with the highest profits in Viet Nam (Profit500) in 2020. — Photo courtesy of the company

SSI Securities Corporation ranks 96th in the annual list of 500 most profitable companies (Profit500 list) in 2020 drawn up by Vietnam Report and VietnamNet newspaper.

It is 45th in the list of the Top 500 Most Profitable Private Companies.

The securities company makes it to the former list for a third consecutive year, despite the volatility in the market due to the COVID-19 pandemic, enjoying a year-on-year pre-tax profit growth of 29 per cent in the first half of the year to VND659.5 billion (US$28.4 million).

SSI continues to hold the top position in brokerage market share on the Ho Chi Minh City Stock Exchange with 14.13 per cent.

The number of new accounts increased by nearly 10 per cent to take the total number to 180,000.

The Profit500 ranking is based on profit before tax, total revenues and indicators reflecting the profitability of the company like return on assets, return on equity and rate of return.

Besides, asset and labour size, revenue and profit prospects and the credibility of the company in corporate communications are also used.

SSI also ranks among the 500 fastest-growing companies (FAST500) and the 500 largest enterprises in Viet Nam (VNR500) in Vietnam Report and VietnamNet’s lists. — VNS

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