Bao Viet Securities reports net profit of VND95 billion

Bao Viet Securities Joint Stock Company (BVS) the sixth-biggest company on the Hanoi Stock Exchange, reported net profit of VND95 billion in the first half after posting a loss in the same period last year.

The figure, equivalent to US$5.3 million, exceeded the company’s full-year target by almost five times as a rallying stock market boosted earnings, said General Director Nguyen Quang Vinh in a telephone interview from Hanoi Wednesday.

The Hanoi-based brokerage lost about VND150 billion in the first half of last year, according to the director.

Revenues for the country’s fifth-biggest brokerage were VND91 billion in the six-month period, Vinh said, without providing comparable figures.

thanhnien, bloomberg

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