SSI profit reaches $27.5 million in Q2

Monday, Jul 24, 2023 09:05

A customer at an SSI branch in HCM City. The company achieved profits of VNĐ656 billion ($27.5 million) in the second quarter of 2023. — Photo courtesy of SSI

SSI Securities Corporation reported revenues of nearly VNĐ1.6 trillion (US$67.9 million), and profit before tax of VNĐ656 billion ($27.5 million) for the second quarter compared to VNĐ518 billion from a year earlier.

Its revenues from securities services (including brokerage, investment consulting, custody, and margin lending) were nearly VNĐ711 billion ($32.6 million).

SSI was the second largest player on the Ho Chi Minh Stock Exchange with a brokerage market share in stocks, fund certificates and covered warrants of 10.22 per cent.

Revenues from proprietary investment were worth VNĐ696 billion, or 43.5 per cent of total income.

Half-yearly revenues and profits were estimated at VNĐ3.18 trillion ($134.9 million) and VNĐ1.3 trillion ($55.1 million), both on track to meet the year’s targets.

As of June 30 the company had assets of nearly VNĐ49.5 trillion ($2.09 billion).

Việt Nam's economy showed signs of recovery in the second quarter as did the stock market as domestic investors started to return.

The VN-Index gained 11.2 per cent, outperforming its peers in Southeast Asia and matching the MSCI Emerging Markets Index (+11.65 per cent).

Market liquidity improved with the cumulative average trading value in the first half on the three exchanges reaching VNĐ13.7 trillion ($580.9 million) per session. — VNS

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