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HCM City Securities Co on track for profits

Update: November, 17/2012 - 10:09

HCM CITY (VNS)— The HCM City Securities Co (HSC) forecasts that it will earn a total pre-tax profit of VND278 billion (US$13.3 million) ending October, completing 98 per cent of its profit target set for the whole year, according to HSC deputy general director Trinh Hoai Giang.

Giang said its profits would likely exceed the target, despite the prolonged market downtrend negatively affecting the company's profits, especially in brokerage services, one of its major activities. He said the company would continue to focus on self trading, venture capital and bonds. — VNS

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