On January 17, LPBS announced its business results for the fourth quarter of 2024. Accordingly, the fourth quarter's operating revenue reached 93.85 billion, up 1,309.9% over the same period; profit after tax reached 40.42 billion, up 1,394.42% over the same period. Total profit after tax reached 100 billion, 200% higher than the planned target assigned at the 2024 Shareholders' Meeting.

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LPBS business report data. Photo: LPBS

LPBS representative said that the company has completed capital increase and registered margin trading and advance transactions... from the first half of 2024, and through the fourth quarter of 2024, LPBS focused on promoting business activities, bringing many products to the market to serve investors, thereby achieving a remarkable growth in operating revenue and profit.

Along with business expansion, in the fourth quarter of 2024, LPBS will recruit a series of additional personnel, invest in machinery, equipment, software..., to serve business activities.

LPBS's press release said that in terms of operational scale, the company's total assets reached VND5,066 billion, up 17,421.81% compared to the beginning of the year, and outstanding margin loans reached VND2,664 billion, from zero outstanding loans at the end of the second quarter. In early 2024, LPBS also completed the charter capital increase to VND3,888 billion, creating a solid foundation for the next stage of development.

At the end of 2024, LPBS also announced the resignation of the General Director and member of the Board of Directors.

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Mr. Nguyen Duc Quan Tung, former General Director, Member of LPBS Board of Directors. Photo: LPBS

With an impressive breakthrough, in 2024, Loc Phat Bank Securities has made many major changes such as: expanding its business network across 3 regions, increasing its charter capital to 3,888 billion VND, developing online trading services, investing heavily in technology to develop sustainable business, ensuring maximum benefits for customers, partners and shareholders.

“The company aims to become one of the leading securities companies in providing comprehensive and professional financial solutions to meet diverse market needs,” said a representative of the company's leadership.

Thuy Linh