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| Saigon Securities Inc reports robust performance last year. — Photo Courtesy of SSI |
Viet Nam News
HCM CITY — Saigon Securities Inc (SSI) reported pre-tax profits of VNĐ380.8 billion (US$16.7 million) on revenues of VNĐ1.018 trillion ($44.8 million) in the fourth quarter of last year, up 344.7 per cent and 66.8 per cent year-on-year, respectively.
With this the whole year, pre-tax profit rose 20.5 per cent to VNĐ1.27 trillion on revenues of VNĐ2.95 trillion, a 19 per cent rise.
The company has assets of VNĐ18.24 trillion, up 34 per cent from a year ago.
Revenues from brokerage in the fourth quarter surged 263.7 per cent year-on-year to VNĐ311.4 billion.
Revenues from lending and receivables (margin lending and advances on securities sales) contributed an important part of revenues, rising 37.4 per cent to VNĐ150.8 billion, accounting for 32 per cent of securities services revenues.
The stock markets ended 2017 with the VNIndex up 48 per cent, the highest increase in 10 years, with average liquidity for each trading section rising to nearly VNĐ5 trillion.
Last year was a successful year for SSI as it maintained the leading position on both HOSE and HNX, with its brokerage market share on HNX 15.26 per cent, up from 13.04 per cent in 2016.
Its HOSE market share was 17.97 per cent in the fourth quarter, its highest ever. — VNS
