Securities companies report record profits

Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market.

Securities companies report record profits on the back of impressive growth by the stock market. — Photo courtesy of VCSC

Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market.

SSI Securities Corporation achieved revenues and pre-tax profits of VND7.77 trillion (US$342 million) and VND3.33 trillion ($146.57 million), increases of 71.7 per cent and 112.6 per cent from 2020.

Viet Capital Securities reported profit before tax of VND1.85 trillion ($81.43 million) on net revenues of VND 3.73 trillion ($164.18 million), 95 per cent and 115 per cent up.

Viet Dragon Securities Corporation said its revenues were 123 per cent up at nearly VND1.04 trillion and pre-tax profit wasVND 534.9 billion, 185 per cent up.

Agribank Securities Corporation and KB Securities Vietnam JSC and Tecom Securities also reported higher profits.

Despite being affected by the COVID-19 pandemic, the stock market saw a record year. The VN-Index repeatedly rose to new highs, market capitalisation rose sharply, liquidity continued to rise after starting in 2020, and the number of investors exploded.— VNS

  • Share:

see also

Market mixed as foreign bloc restarts net buying

Market mixed as foreign bloc restarts net buying

Market breadth remained negative, with 184 stocks declining, 143 advancing and 44 unchanged. Liquidity surged to VNĐ15.9 trillion (approximately US$624.35 million), marking a 29.2 per cent increase compared to the previous session.
Corporate bond issuance value rises by 60 per cent

Corporate bond issuance value rises by 60 per cent

In the first 11 months of 2024, the total value of corporate bond issuances reached nearly VNĐ403 trillion, a 60 per cent increase year-on-year. 
Vietjet raises VNĐ3 trillion from bond issuance

Vietjet raises VNĐ3 trillion from bond issuance

This is the third batch of bonds issued by Vietjet in the fourth quarter of 2024. 
Vinhomes gets green light from SGX for bond issuance

Vinhomes gets green light from SGX for bond issuance

The recent mobilisation of tens of trillions of đồng will provide Vinhomes, one of the flagship companies under the leadership of billionaire Phạm Nhật Vượng, with additional resources to embark on a series of major projects.
Market kicks off the week on a positive note

Market kicks off the week on a positive note

Market breadth leaned positive, with 209 advancing stocks surpassing 112 decliners. Trading liquidity on the southern bourse slightly decreased to approximately VNĐ12.8 trillion (US$482.7 million), with nearly 494.7 million shares changing hands.