Vietnam Stock Exchange (VNX) has just reported the results of implementing the business plan for the first quarter of 2024 with positive results thanks to the strong market recovery.
Accordingly, total revenue was recorded at VND585 billion and after-tax profit reached VND575 billion, equivalent to VNX earning more than VND6 billion per day in the first quarter of the year.
VNX's revenue mainly comes from capital investment activities in subsidiaries, of which the Ho Chi Minh City Stock Exchange (HoSE) brought in nearly VND449 billion and the Hanoi Stock Exchange (HNX) brought in nearly VND124 billion. In addition, financial activities contributed nearly VND12 billion and business activities contributed VND630 million to the company's revenue.
In 2024, VNX plans to increase total revenue by 46% compared to last year to VND 2,797 billion and profit after tax to decrease by 25% to VND 1,423 billion. Thus, the company has achieved 21% of the revenue plan and 41% of the profit target after the first 3 months of the year.
Vietnam Stock Exchange earns VND575 billion in profit in the first quarter of 2024.
Looking back at the business results from the first year of operation in 2021, VNX achieved VND 2,054 billion in revenue and VND 1,337 billion in profit after tax.
Entering 2022, VNX recorded a sharp increase in revenue and profit, reaching VND 3,423 billion and VND 2,089 billion, respectively, up 66% and 56%. This result was achieved thanks to the strong fluctuations in the stock market, helping to make transactions bustling in the first months of the year.
After a turbulent 2023, VNX's main business indicators all recorded negative results. Specifically, total revenue decreased by 44% to VND 1,920 billion and profit after tax decreased by 10% to VND 1,886 billion.
Vietnam Stock Exchange (VNX) was established in February 2021 under Decision No. 37 of the Prime Minister with a charter capital of VND 3,000 billion and 100% held by the State.
VNX operates under the parent-child model based on the reorganization of HNX and HoSE. The main task of VNX is to unify the organizational model, mechanism, policy, development thinking and information technology infrastructure to serve the market.
Source: https://www.nguoiduatin.vn/so-giao-dich-chung-khoan-viet-nam-lai-575-ty-dong-trong-quy-i-2024-a663174.html
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