SSI announces excellent 2018 results

Monday, Jan 21, 2019 18:50

SSI Securities Incorporation achieves all its targets last year despite the volatility in the securities market. — Photo Courtesy of SSI

SSI Securities Incorporation reported strong growth last year despite the volatility in the securities market, with pre-tax profits going up by 36 per cent to nearly VND1.74 trillion (US$74.8 million) and revenues by 37.2 per cent to VND4.06 trillion ($175.04 million).

The VN-Index reached a new high of 1,211 points on April 10 before falling back sharply and ending the year at 892.54 points, a 9.32 per cent fall for the year.

But SSI achieved all its targets and retained its leading brokerage position on both the HCM City and Ha Noi stock exchanges with a market share of 18.7 per cent and 11.89 per cent.

Its revenues from securities services surged 42 per cent to VND1.89 trillion.

The company saw over 20 per cent growth in the number of customers to more than 151,300 individual accounts and over 1,900 institutional accounts.

Its financial business services division and treasury achieved revenues of VND755.6 billion, a year-on-year increase of 57 per cent.

By the end of last year, the company had assets of VND23.4 trillion, up 29 per cent from a year ago.

It won a clutch of awards last year, including Best Securities House in Viet Nam from Asiamoney magazine and Best Corporate and Institutional Adviser – Domestic, Best Brokerage and Best IPO from Asian financial magazine the Asset. — VNS

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