SSI reports robust performance in 2nd quarter

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Saigon Securities Inc. (SSI) reported pre-tax profits of VND402.3 billion (US$17.7 million) on revenues of VND762.1 billion (US$33.57 million) in the second quarter of the year, up 9.5 per cent and 10.3 per cent year-on-year.

 

Saigon Securities Inc. reports robust performance in 2nd quarter. — VNS Photo

Saigon Securities Inc. (SSI) reported pre-tax profits of VND402.3 billion (US$17.7 million) on revenues of VND762.1 billion (US$33.57 million) in the second quarter of the year, up 9.5 per cent and 10.3 per cent year-on-year.

Securities services and principal investment continued to be the biggest contributors to its revenues, with the latter accounting for VND328.5 billion.

Revenues from brokerage services doubled to VND185.9 billion and from securities services were up 52 per cent at VND316.1 billion.

SSI retained its leading position on both the HCM City and Hà Nội exchanges with a 15.35 per cent and 13.67 per cent market share.

Following its solid performance in the first half of the year -- revenues topped VND1.31 trillion ($57.79 million) and profit before tax was estimated at VND735 billion, or 69.5 per cent of the full-year target -- the company is confident of achieving its 2017 business plans. — VNS

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