Ho Chi Minh Securities reports Q1 pretax profit at VND354 bln

End of first quarter, HSC’s revenue reached VND854 billion, an increase of 13.6% compared to the same period last year.

Margin lending grew strongly by 68% over the same period last year, reaching VND 373 billion and continued to be the largest contributor to total revenue (43%).

Brokerage revenue achieved VND283 billion, slightly decreased 4% from a year ago and accounted for 33% of HSC's total revenue.

Proprietary investment revenue reached VND187 billion, decreased 7% compared to first quarter of 2021.

Revenue from corporate financial advisory recorded VND4,5 billion, decreased 72% year-on-year. However, due to the timing of revenue recognition, the reported revenue in accounting period usually does not fully reflect corporate financial advisory business performance.

As a result, profit before tax reached VND354 billion, a slight decrease of 12% compared to the same period in first quarter of 2021.

The return on equity (ROE) ratios achieved 3.8%, Earning per share (EPS) achieved VND 618.