HNX releases financial data for first time

Thursday, Jun 02, 2016 15:56

An image of Ha Noi Stock Exchange. — Photo
HA NOI (Biz Hub) – The Ha Noi Stock Exchange (HNX) on June 1 released detailed financial data related to its business performance for the first time after being in operation for 11 years.

According to the report, HNX's revenue last year reached VND366 billion (US$16.26 million), down 15 per cent against the previous year, due to a decline in share value traded on the exchange. Last year, the total value of shares traded on the HNX fell by 32.32 per cent to VND135 trillion.

It is reported that HNX's largest source of revenue worth VND224 billion came from share transaction fees, which accounted for 61 per cent of the exchange's total revenue. Compared with the previous year, the earnings from the fees declined 13 per cent. Currently, fees paid to HNX are 0.03 per cent of the total share value for listed shares and 0.02 per cent for unlisted shares on UPCom.

Another source of revenue for HNX was from the auction of Government bonds. Last year, G-bond auctions via HNX rose 39.29 per cent against the previous year to 312 and total value of G-bonds bid successfully via the exchange also increased 3.67 per cent to VND250 billion. However, this earning source brought the exchange VND91.25 billion last year, down 27 per cent against the previous year.

The exchange's after tax profit was reported at VND146 billion, down 25 per cent against the previous year.

By the end of 2015, HNX's total asset value was VND1.514 trillion, of which VND216 billion was in cash. The exchange also reported deposits worth VND945 billion at banks. — VNS

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