HoSE announces lower profit in H1

Update: August, 21/2019 - 07:04


The Hà Nội Stock Exchange reported its six-month pre-tax profit was up 21.7 per cent year on year to VNĐ213 billion. - Photo

HÀ NỘI – Viet Nam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to VNĐ200 billion (US$8.6 million).

With this figure, HoSE has fulfilled 31 per cent of its whole-year pre-tax profit plan.

In the first six months, HoSE earned VNĐ325 billion, down VNĐ223 billion from last year’s number.

The drop of income from stock trading fees was the cause of the bourse’s lower revenue.

Income from trading charges fell by VNĐ214 billion to VNĐ272 billion in the first six-month period, reported.

At the end of the second quarter, the exchange’s total capital fell VNĐ66 billion to VNĐ1.85 trillion. Equity capital was nearly VNĐ1.57 trillion.

There were 445 items listed on HoSE as of June 30, including 377 stocks, 53 corporate and local government bonds, two closed-fund certificates, one real estate investment trust fund certificate, two exchange-traded fund certificates and 10 covered warrants.

The total market value was up 11.2 per cent year on year in six months to VNĐ3.2 quadrillion, accounting for 57 per cent of last year’s total gross domestic product (GDP).

The southern bourse plans to earn VNĐ1 trillion in revenue this year and VNĐ650.3 billion in pre-tax profit.

HNX profit up

The Hà Nội Stock Exchange (HNX) recorded its six-month revenue was down by VNĐ27 billion from the previous year to VNĐ262 billion.

As of June 30, the northern trading bourse earned VNĐ213 billion, up 21.7 per cent year on year, thanks to lower corporate management expense.

Total assets of the northern bourse were down VNĐ82 billion to VNĐ1.2 trillion as of June 30. The figure included VNĐ1.05 trillion worth of owner equity. – VNS