HSC reports 2020 after-tax profit at $23 mln, up 23% from 2019

In 2020, HSC achieved a total revenue of VND1,591 billion ($69.3 million), an increase of 26 percent compared to 2019, beating the whole-year target by 23 percent.

The securities firm’s 2020 revenue was contributed by key businesses, including brokerage, margin lending, proprietary investment and financial advisory.

Brokerage fee revenue reached VND621 billion ($27 million), an increase of 29 percent compared to 2019 and accounted for 39 percent of HSC's total revenue.

Revenue from margin lending activities reached VND549 billion ($24 million), increased slightly by 8 percent and accounting for 35 percent of HSC's total revenue.

Proprietary investment achieved impressive revenue with VND369 billion ($16 million), an increase of 79 percent compared to 2019 and contributing 23 percent to total revenue.

Revenue from finance advisory was VND38 billion ($1.65 million), decreased 30 percent compared to 2019.

In fourth quarter, HSC achieved over VND514 billion ($22,4 million) in revenue, strongly increased by 54 percent from the same period of last year. Profit after tax reached VND137 billion ($5.98 million), increased 8 percent compared to fourth quarter of 2019.

The return on average equity was 12.1 percent. Earnings per share in 2020 was VND1,738/ share. End of 2020, HSC’s total asset reached VND12,488 billion ($543 million) and increased 67 percent in compared with last year as of December 30, 2019.

► HSC targets 2020 after-tax profit at $19.5mln, up 5% from 2019