SSI reports lower revenue, higher profit

Update: January, 22/2016 - 08:38

HA NOI (VNS) — Saigon Securities Inc (SSI) reported revenue of VND1.5 trillion (US$66.7 million) in 2015, a reduction of 6 per cent from 2014.

It also reported after-tax profit of VND967 billion ($430 million), a year-on-year increase of 30 per cent on January 21.

SSI said, except for the brokerage segment, which declined 22 per cent, the other segments, such as the self-service business and consultancy, still experienced significant growth over 2014.

During the period, the costs incurred were slashed significantly. In particular, operating expenses fell nearly VND150 billion ($6.7 million) due to a provision reversal; during the same period last year, the company had a provision of VND97 billion ($4.3 million). — VNS