Securities businesses enjoy flourishing Q3 earning results

Your browser does not support the audio element. In the context of a vibrant market and increased liquidity, most securities businesses report flourishing earning results in the third quarter. A transaction office of VIX Securities Joint Stock Company (VIX). VIX recorded a  一 四 三 per cent increase in pre-tax profit in the third quarter, reaching VNĐ 二 四 八 billion. Photo VIX

HÀ NỘI - In the context of a vibrant market and increased liquidity, most securities businesses report flourishing earnings results in the third quarter.

The third quarter business results of securities businesses show that revenue and profits mainly come from brokerage, self-trading, and lending.

MB Securities Joint Stock Company (MBS) reported that total revenue in the third quarter reached more than VNĐ 五 四0 billion, up  二 四. 七 per cent over the same period last year. Pre-tax profit increased by  三 七. 七 per cent over the same period last year to total more than VNĐ 二0 八 billion.

Explaining the profit increase in the third quarter, MBS said that the value of stock transactions in the entire market increased sharply, helping stock brokerage revenue rise by VNĐ 六 二. 六 billion.

In  九 months, MBS's revenue decreased by  一 八 per cent to VNĐ 一. 二 七 trillion. Pre-tax profit and after-tax profit reached VNĐ 五 一 五 billion and VNĐ 四 一 一 billion respectively, both down about  七 per cent compared to the same period in  二0 二 二.

In  二0 二 三, MBS plans to earn a total revenue of VNĐ 二. 七 trillion and a pre-tax profit of VNĐ 九00 billion. Therefore, the company has completed about  五 七 per cent of the year's profit target.

VIX Securities Joint Stock Company (VIX) recorded a  一 四 三 per cent increase in pre-tax profit in the third quarter, reaching VNĐ 二 四 八 billion. Revenue reached VNĐ 三 二 三 billion, an increase of  七 七 per cent. In  九 months, this securities company had a pre-tax profit of VNĐ 九 六 四 billion, up  九0 per cent over the same period last year.

Explaining the third quarter profit growth, VIX Securities said the market transaction scale increased, causing profits from brokerage activities to rise by  四 四. 二 per cent. At the same time, lending and receivable income increased by  一 五 四 per cent.

Third quarter pre-tax profit of Bảo Minh Securities (BMS) doubled over the same period of  二0 二 二 thanks to self-trading revenue, reaching VNĐ 八 九 billion, nearly equal to the same period last year.

The company reported a profit after tax of over VNĐ 三0 billion, double the same period last year.

In  九 months, BMS recorded a profit after tax of VNĐ 一 二 八 billion, while it suffered a loss of VNĐ 一 六 billion in the same period last year.

Yuanta Securities Vietnam Limited Liability Company (YSVN) reported third-quarter revenue of VNĐ 一 六 三 billion, up  一 二 per cent.

Brokerage revenue also increased by  二 九 per cent, recording VNĐ 五 九 billion. In contrast, interest income from loans and receivables decreased by  二 三 per cent over the same period in  二0 二 二.

Total operating costs increased by  一 四 per cent to approximately VNĐ 八 四 billion.

The company reported a pre-tax profit of more than VNĐ 四 九 billion in the third quarter, an increase of  二 三 per cent compared to the same period in  二0 二 二.

In  九 months, Yuanta's revenue decreased by  一0 per cent to VNĐ 四 二0 billion. Pre-tax profit and after-tax profit reached VNĐ 一 一 四 billion and VNĐ 九0 billion, respectively, down  一 六 per cent and  一 八 per cent respectively compared to the same period in  二0 二 二.

Việt Dragon Securities Joint Stock Company (VDS) reported that pre-tax profit in the third quarter of  二0 二 三 rose by nearly  三 五 三 per cent, reaching VNĐ 一 一 三 billion.

In  九 months, VDS's total revenue reached VNĐ 六0 三. 二 billion, equivalent to  九 二. 七 per cent of the same period in  二0 二 二 and completing  六 八. 九 per cent of the  二0 二 三 plan.

The company's expenses decreased significantly, recorded at VNĐ 二 八 三. 四 billion and only equalling  三 七. 二 per cent of the same period last year.

VDS's pre-tax profit in  九 months reached VNĐ 三 一 九. 八 billion, profit after tax reached VNĐ 二 五 二. 八 billion, completing  一 一 八. 四 per cent and  一 一 七. 一 per cent of the  二0 二 三 plan, respectively.

Most businesses have recorded growth in revenue and profits, but there are also securities businesses that still report weaker business results due to ineffective cost management.

Agribank Securities Joint Stock Company (Agriseco) reported third-quarter revenue of nearly VNĐ 一00 billion, an increase of  一 八. 三 per cent compared to the third quarter of  二0 二 二.

However, increased management costs pushed Agriseco's total costs to VNĐ 六0. 五 billion, an increase of  二 九 per cent. This made the profit after tax only reach VNĐ 二 六. 七 billion, down  一 一. 五 per cent over the same period in  二0 二 二.

In  九 months, total revenue reached VNĐ 二 七 一. 六 billion, almost flat compared to the same period in  二0 二 二. Profit after tax reached VNĐ 一 一 二. 四 billion, up  一0. 二 per cent. VNS