SSI reached over VND880 billion pre-tax profit in Q3/2023
Sunday, October 29,2023AsemconnectVietnam - According to the consolidated financial report of the third quarter of 2023, SSI Securities achieved VND1,972 billion in revenue and VND880 billion in pre-tax profit, up 44% and 112% respectively over the same period. Accumulated for 9 months, SSI achieved revenue of VND5,188 billion, consolidated pre-tax profit of VND2,204 billion, an increase of 21% and completing 87% of the whole year plan.
In the revenue structure, the self-trading segment prospered, increasing by 73% compared to the third quarter of 2022, reaching VND765 billion. In the third quarter of 2023, SSI listed 30 new warrant codes and the warrant trading market share reached 18% of the entire market's warrant trading value (a good increase from the average of 8% in the first half of the year); Brokerage increased by 58% to VND535 billion, brokerage market share in the third quarter of 2023 reached 10.59%; Interest from loans and receivables of SSI in the third quarter also increased by 6% over the same period last year to VND431 billion.
Operating costs also increased by 18% to VND653 billion, accounting for a large proportion of brokerage costs increasing by 33% to VND384 billion.
As a result, SSI's pre-tax profit in the third quarter of 2023 reached VND880 billion, 2.1 times higher than the profit achieved in the same period last year.
As of September 30, 2023, SSI's total assets reached VND55,282 billion, an increase of more than VND3,000 billion compared to the beginning of the year. Of which, outstanding loans reached VND15,269 billion, margin loans alone reached more than VND14,713 billion, an increase of more than VND1,600 billion compared to the end of quarter 2/2023.
FVTPL's self-trading portfolio and financial assets are more than VND29,600 billion, of which 475 billion are listed shares (HPG, SGN, VPB, STB...); nearly VND 729 billion of warrant risk-hedging securities; more than VND 10,530 billion in unlisted bonds and certificates of deposit of VND 16,000 billion.
Financial assets available for sale (AFS) recorded more than 860 billion VND, 2.2 times the number at the beginning of the year, including VND77 billion in OPC shares, VND40 billion invested in the mother and baby retail chain. Honey, more than VND53 billion invested in PAN Group Joint Stock Company and VND248 billion in other stocks.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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