Among the many businesses that have reported their business results for the third quarter of 2023, the group of securities companies stands out when recording a sudden increase in profits. For example, SSI Securities Company (stock code SSI) announced that in the third quarter of 2023, it achieved revenue of VND 1,941 billion, an increase of 44% over the same period last year and pre-tax profit of VND 880 billion, 2.1 times higher than the profit achieved in the third quarter of last year.
In particular, proprietary trading activities flourished when profits from FVTPL financial assets increased sharply by 73% compared to the third quarter of 2022, reaching 765 billion VND; brokerage revenue reached 535 billion VND, up 58%... Accumulated in the first 9 months of 2023, the company achieved revenue of 5,111 billion VND, up 3% over the same period last year and pocketed after-tax profit of 1,780 billion VND, up 21% over the same period.
Many securities companies have high profit growth in the third quarter of 2023
Similarly, VNDirect Securities Corporation (stock code VND) in the third quarter of 2023 achieved revenue of VND 1,751 billion, up 22%; pre-tax profit reached more than VND 788 billion, nearly 7 times higher than in the third quarter of 2022. The growth was mainly due to the improvement in self-trading activities. However, in the first 9 months of the year, VNDirect recorded revenue of VND 4,629 billion and pre-tax profit of more than VND 1,490 billion, down 8% and 13% respectively compared to the same period last year.
Or Techcom Securities Joint Stock Company (TCBS) in the third quarter of 2023 achieved revenue of more than VND 1,701 billion, an increase of nearly 44% and pre-tax profit in the period reached VND 1,148 billion, an increase of 57.2% over the same period last year. However, in the first 9 months, TCBS's revenue decreased by more than VND 500 billion compared to the same period, down to VND 3,716 billion and pre-tax profit also decreased by nearly VND 600 billion, down to VND 2,148 billion.
Securities companies make big profits in the third quarter
FPT Securities Joint Stock Company (stock code FTS) recorded revenue in the third quarter of 2023 reaching 325 billion VND, 6 times higher than the same period last year. In particular, the profit from financial assets recorded through profit and loss (FVTPL) recorded a profit of 101 billion VND, a sharp improvement compared to the loss of 154 billion VND in the same period in 2022. In addition, securities brokerage revenue increased by 30% to more than 99 billion VND... The result helped the company earn a pre-tax profit of more than 211 billion VND while in the same period last year it lost 35 billion VND. This is also the highest profit in the past 6 quarters of this securities company. Accumulated in the first 9 months of 2023, FTS achieved revenue of 763 billion VND and profit after tax of 403 billion VND, up 21% and 77% respectively over the same period last year.
VietCap Securities Joint Stock Company (stock code VCI) achieved revenue of VND 666.7 billion in the third quarter, up 27.8% and pre-tax profit of nearly VND 210 billion, up 37% compared to the third quarter of 2022. But in the first 9 months of this year, VCI achieved total revenue of VND 1,666.7 billion, down nearly 42% compared to the same period last year and pre-tax profit of VND 421 billion, nearly 60% lower than the same period last year....
Source: https://thanhnien.vn/loi-nhuan-cac-cong-ty-chung-khoan-but-toc-185231023143407675.htm
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