ACB Securities targets $19.3 million pretax profit this year

ACB Securities, the stock broking arm of the Asia Commercial Bank (ACB), expects pretax profit to reach VND343 billion (US$19.3 million) this year.

The company earned VND237 billion in profit after tax last year despite the stock market’s plunge.

Of 62 securities companies that have announced last year’s results, 66 percent reported losses, the Hanoi Securities Trading Center has said.

ACB Securities plans to sell as much as VND2 trillion of bonds this year to fund its operation.

thanhnien, DTCK

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