Ho Chi Minh Securities Corp. sees Q3 post-tax profit at $6.1mln, up 26%

Net revenue in the reported quarter was VND398 billion ($17.2 million), up 21 percent from the same period of 2019.

During the nine-month period, HSC recorded net revenue of VND1,077 billion ($46.3 million), up 16 percent from a year ago, completing 83 percent of the whole-year plan.

Ater-tax profit reached VND393 billion ($17 million), an increase of 29 percent from a year ago, completing 87 percent of the 2020 plan approved by the General Meeting of Shareholders in June 2020.

Earnings per share in the first 9 months of 2020 reached VND1,288 per share.

Revenue from margin lending activities reached VND358 billion ($15.4 million), slightly down 6 percent and accounting for 33 percent of HSC’s total revenue.

Proprietary investment activities achieved impressive revenue of VND266 billion (11.4 million), doubling from the same period of 2019 and contributed 25 percent to total revenue.