SSI reports robust performance in 2nd quarter

July 21, 2017 - 19:00

Saigon Securities Inc. (SSI) reported pre-tax profits of VNĐ402.3 billion (US$17.7 million) on revenues of VNĐ762.1 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

Viet Nam News

HCM CITY — Saigon Securities Inc (SSI) reported pre-tax profits of VNĐ402.3 billion (US$17.7 million) on revenues of VNĐ762.1 billion ($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 VNĐ328.5 billion.

Revenues from brokerage services doubled to VNĐ185.9 billion and from securities services were up 52 per cent at VNĐ316.1 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 VNĐ1.31 trillion ($57.79 million) and profit before tax was estimated at VNĐ735 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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