HSC reports $9.5m profit

Friday, Jan 22, 2016 16:13

A transaction office of HSC. The firm saw a drop in revenue but an increase in apter-tax profit last year. — Photo ndh.vn

HA NOI (Biz Hub) — The HCM Securities Corporation (HSC) posted an after-tax profit of VND213.3 billion (US$9.5 million) last year, achieving 66 per cent of the annual target.

The company's total revenue in 2015 dropped to VND591 billion ($26.3 million), down 29 per cent against 2014.

HSC reported revenue of VND171 billion ($7.6 million) in the fourth quarter of 2015, a decrease of 10 per cent year-on-year. However, the company earned VND69.3 billion ($3.1 million) in after-tax profit, up 24 per cent against 2014.

By the end of 2015, HSC's total assets were worth nearly VND3.6 trillion ($160.8 million), down nearly VND500 billion ($22.2 million) compared with the beginning of the year.

Of this figure, the amount of cash and cash equivalents decreased by VND1 trillion ($44.5 million) compared with the beginning of the year, to reach more than VND657 billion ($29 million). — VNS

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