AsemconnectVietnam - According to the financial report for the third quarter of 2023, Saigon - Hanoi Securities Joint Stock Company (code SHS) reached VND484 billion in revenue, an increase of 62% over the same period last year, thanks to the main activities of self-trading and brokerage and lending both prospered.

Specifically, SHS's profit from financial assets recorded through profit/loss (FVTPL) increased 1.3 times over the same period last year to VND195 billion. Loss from FVTPL also increased sharply by 93% compared to the third quarter of 2022 to VND149 billion. Thus, SHS profited VND46 billion from the reassessment of FVTPL in the third quarter, while in the same period last year this figure was just over VND7 billion.
Interest from loans and receivables reached VND208 billion, up 77% over the same period last year. As of September 30, outstanding loans and receivables of this securities company were at VND3,833 billion, of which, margin loan balance was at VND3,681 billion. This number was flat compared to the end of the second quarter but increased sharply by nearly VND1,400 billion compared to the beginning of the year.
Brokerage activities achieved revenue of VND74 billion, an increase of 20% over the same period last year.
Other operating segments such as underwriting, securities investment consulting, financial consulting, and securities custody... all recorded a decline in revenue.
After deducting expenses, SHS profit after tax was nearly VND200 billion in the third quarter, an increase of 126% compared to the third quarter of last year. Accumulated for 9 months, the company's revenue reached VND1,469 billion, an increase of 58% over the same period last year; Profit before tax reached VND471 billion, profit after tax reached more than VND380 billion, an increase of 18 times over the same period. Compared to the profit plan approved by the Shareholders' Meeting, the company has achieved 43%.
As of September 30, 2023, SHS's total assets, reaching more than VND10,800 billion, have not changed much compared to the beginning of the year. The FVTPL item has a book value of more than VND3,535 billion (fair value of VND3,589 billion), down slightly compared to the end of the second quarter and down VND564 billion compared to the beginning of the year. SHS holds VND1,766 billion of listed stocks, VND765 billion of unlisted stocks, VND644 billion of listed bonds, VND350 billion of unlisted bonds and VND10.5 billion of fund certificates.
N.Nga
Source: VITIC/Tinnhanhchungkhoan