Wednesday, January 29 2020


Rồng Việt Securities reports $6m profit

Update: January, 19/2018 - 11:00
Investors at Rồng Việt Securities. The company posts a pre-tax profit of VNĐ138 billion in 2017. — VNS Photo
Viet Nam News

HCM CITY — Rồng Việt Securities on Thursday announced it achieved pre-tax profits of VNĐ138 billion (US$6 million) for 2017, a 125 per cent rise from the previous year.

Revenues rose to VNĐ366 billion ($16 million), 42 per cent from securities services, a 32 per cent jump year-on-year.

Brokerage activities contributed more than 23 per cent; the rest came from proprietary investment and was up 98 per cent compared to previous year.

It said its capital had been increased to VNĐ910 billion ($40 million) last year, and would rise to VNĐ1 trillion ($44 million) through a bonus issue next April.

The company plans to keep looking for strategic partners to increase its capital to VNĐ1.2-1.3 trillion ($52-57 million).

This year, it will table at the shareholders meeting a proposal for employee stock ownership of 3 per cent of the new capital.

Rồng Việt Securities is one of the top 15 securities companies in Việt Nam.

It was established in 2006. — VNS


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