AsemconnectVietnam - Ho Chi Minh City Securities Corporation (HSC, stock code HCM - HOSE) announced its business results for the first quarter of 2023 with pre-tax profit of more than VND154 billion.

According to the statistics of the first quarter of 2023, the average trading value on the stock market was only VND11,400 billion/session, down 63% compared to the same period in 2022. This affects the activities of securities companies in general and HSC in particular.
In that context, HSC recorded a revenue of nearly VND489 billion, pre-tax profit of more than VND154 billion, down 43% and 56% respectively compared to the same period in the first quarter of 2022. Threee business segments: brokerage, margin lending and proprietary trading contribute more than 98% of the Company's total net revenue.
Securities brokerage revenue accounted for 27% of HSC's total revenue, reaching VND132 billion, down 53% compared to the same period in 2022. Revenue from margin lending activities reached VND223 billion, down 40% compared to the same period in 2022 and contributed 45.6% to total revenue. Proprietary investment reached more than VND125 billion, down 33% compared to last year, contributing 25.6% to total revenue.
Earnings per share (EPS) in the first quarter of 2023 reached VND271/share.
As of March 31, 2023, HSC's total assets reached VND14,139 billion, down 8% compared to the beginning of the period. In which, equity reached VND8,016 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan