SSI revenues and profits were VNĐ6.45 trillion ($256.4 million) and VNĐ2.98 trillion ($118.5 million) for the first nine months, equivalent to 80 per cent and 88 per cent of the full-year targets. — Photo tapchitaichinh.vn

SSI has announced its third quarter results that show revenues and profits before tax were worth VNĐ1.99 trillion (US$79.1 million) and VNĐ937 billion ($37.2 million), up 5 per cent and 11 per cent year-on-year.

For the first nine months of the year, revenues and profits were VNĐ6.45 trillion ($256.4 million) and VNĐ2.98 trillion ($118.5 million), equivalent to 80 per cent and 88 per cent of the full-year targets.

Revenues from securities services in Q3 were worth nearly VNĐ905 billion. Revenues from brokerage, custody and investment advisory declined by 35 per cent to VNĐ356 billion, but rose by 18 per cent for the year to date to VNĐ1.39 trillion.

The company said market liquidity declined during the quarter by over 20 per cent from earlier in the year.

SSI retained its position as the second largest player on the Ho Chi Minh Stock Exchange with a brokerage market share of 8.84 per cent.

Margin loans and receivables generated revenues of nearly VNĐ549 billion, a 27 per cent increase from the same period last year. Its margin loans outstanding topped VNĐ19 trillion, a 29.8 per cent increase in the year to date, thanks to positive market sentiments.

Margin lending revenues for the first nine months were VNĐ1.5 trillion, a 34 per cent rise.

Income from proprietary investment was VNĐ991 billion in Q3 and VNĐ2.9 trillion in the first nine months, increases of 32 per cent and 38 per cent.

The sharp increases were attributed to the bond portfolio that had high liquidity and timely payment of principal and interest.

Revenues from treasury activities were VNĐ95 billion during the quarter and VNĐ390 billion in the first nine months.

As of September 30, 2024, its total assets were VNĐ65.3 trillion and owner’s equity was VNĐ23.3 trillion. — VNS