Vietnam Stock Exchange (VNX) has just announced its audited consolidated financial statements for the first half of 2024 with positive results.
Accordingly, net revenue was recorded at VND1,996 billion, up 64% over the same period. Revenue mainly came from securities trading services, contributing more than VND1,870 billion, up 70% over the same period. Securities listing services, bidding and auction fees, and service provision remained largely unchanged.
During the period, the cost of goods sold only increased slightly by 7% to VND76 billion, so the company's gross profit was recorded at VND1,919 billion, up 68%. Meanwhile, VNX's management costs increased by 52% to VND423 billion; mainly due to the VND296 billion paid to the State Securities Commission for supervision fees.
After deducting expenses, VNX reported a profit after tax increase of more than 65% to VND1,240 billion, equivalent to a profit of more than VND7.6 billion per day in the first half of the year.
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 71% of the revenue plan and 87% of the profit target after the first 3 months of the year.
As of June 30, 2024, VNX's total assets reached over VND 4,166 billion, including VND 2,068 billion in 6-12 month term deposits and VND 688 billion in cash, demand deposits, and cash equivalents. As a result, in the first half of the year, VNX recorded VND 56 billion in interest on deposits.
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-nghin-ty-trong-nua-dau-nam-204240816220023791.htm
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