SSI’s revenues and profits were up 44.5 per cent and 59 per cent year-on-year to VNĐ 2.3 trillion (US$90.3 million) and VNĐ 1.04 trillion ($40.8 million) in Q2. — Photo courtesy of SSI

SSI Securities Corporation (HoSE: SSI) has released its second quarter financial statement, which shows revenues and profits were up 44.5 per cent and 59 per cent year-on-year to VNĐ 2.3 trillion (US$90.3 million) and VNĐ 1.04 trillion ($40.8 million).

Securities services revenues were worth nearly VNĐ1.08 trillion, or 47 per cent of total revenues.

Brokerage, custody and investment advisory revenues were up 63 per cent to VNĐ574 billion.

SSI maintained its position among the top two brokerages on the HCM City Stock Exchange with a 9.31 per cent share in Q2.

Margin loan and receivables generated revenues of nearly VNĐ513 billion, a 42.5 per cent increase.

Its margins outstanding was VNĐ19.6 trillion, a 16 per cent increase from the previous quarter thanks to positive market movements.

Income from proprietary investments was worth VNĐ1.05 trillion, up 51 per cent year-on-year and accounting for 45 per cent of total revenues.

The company attributed this to lucrative bond investments.

Revenues from treasury operations were worth VNĐ163 billion, or 7 per cent of total revenues.

Investment banking fetched revenues from two advisory deals -- with Hải An Transport and Stevedoring Joint Stock Company and Home Credit Vietnam.

First half revenues and profits were worth VNĐ4.38 trillion ($171.8 million) and VNĐ2 trillion ($78.5 million), 54 per cent and 59 per cent of the full-year targets.

As of June 30 SSI's assets amounted to VNĐ70.29 trillion and owner’s equity was VNĐ24.09 trillion. — VNS