Securities companies report record profits

HCM CITY — Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market.

SSI Securities Corporation achieved revenues and pre-tax profits of VNĐ 七. 七 七 trillion (US$ 三 四 二 million) and VNĐ 三. 三 三 trillion ($ 一 四 六. 五 七 million), increases of  七 一. 七 per cent and  一 一 二. 六 per cent from  二0 二0.

Viet Capital Securities reported profit before tax of VNĐ 一. 八 五 trillion ($ 八 一. 四 三 million) on net revenues of VNĐ  三. 七 三 trillion ($ 一 六 四. 一 八 million),  九 五 per cent and  一 一 五 per cent up.

Viet Dragon Securities Corporation said its revenues were  一 二 三 per cent up at nearly VNĐ 一.0 四 trillion and pre-tax profit wasVNĐ  五 三 四. 九 billion,  一 八 五 per cent up.

Agribank Securities Corporation and KB Securities Vietnam JSC and Tecom Securities also reported higher profits.

Despite being affected by the COVID- 一 九 pandemic, the stock market saw a record year. The VN-Index repeatedly rose to new highs, market capitalisation rose sharply, liquidity continued to rise after starting in  二0 二0, and the number of investors exploded.— VNS