Saigon Securities says profit drops 69 pct in first 9 months
Saigon Securities Inc., Vietnam's biggest publicly traded brokerage, said profit fell 69 percent in the first nine months.
Pretax profit was VND260 billion (US$15.7 million) in the period to September 30, from VND835 billion in the same period last year, the Ho Chi Minh City-based company said in a statement posted on its website.
Revenue totaled VND1.05 trillion, the statement said, matching the company's revenue in the first nine months of 2007.
Saigon Securities fell VND300, or 0.74 percent, to close at VND40,500 on the Ho Chi Minh Stock Exchange. The stock has fallen almost 76 percent this year, compared to a 57 percent decline in the VN-Index.
Thanhnien
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