AsemconnectVietnam - In the first quarter of 2023, SSI Securities Joint Stock Company (code SSI) achieved a revenue of VND1,457 billion, profit before tax of more than VND590 billion, double that of the previous quarter, also the highest profit in the securities industry now.

In the revenue structure, the profit from financial assets recorded through profit and loss is more than VND679 billion, higher than VND616 billion in the first quarter of last year.
Interest from investments held to maturity is nearly VND112 billion.
The securities brokerage and lending segments were VND257.1 billion and VND338.3 billion, respectively.
In the first quarter, SSI increased its brokerage market share to 11.53%, an increase of 1.57% compared to the previous quarter, the number of new accounts opened was 1.5 times higher than that of the fourth quarter of 2022. Currently, SSI is also actively launching many incentive programs, increasing transaction frequency, such as a margin loan package of VND5,000 billion with a preferential interest rate of 9%, a preferential interest rate program of 0% in the first 7 days of purchase and outstanding balance...
Revenue from capital and financial business is nearly VND160 billion, equivalent to about 10.9% of total revenue - this is SSI's strength when taking advantage of large scale, combined with investment into profitable assets such as deposit contracts, valuable papers.
In 2023, SSI is also the company with the highest business plan in the market with revenue of VND6,917 billion and pre-tax profit of VND2,540 billion. Thus, at the end of the first quarter, the Company fulfilled more than 23.2% of the whole year plan.
At the end of the first quarter, total assets of SSI reached VND52,105 billion, equity of VND22,428 billion. SSI's margin loan balance was recorded at VND10,950 billion, slightly up from VND10,872 billion at the end of 2022.
N.Nga
Source: VITIC/Tinnhanhchungkhoan