Drop in profits revealed by BVS

Bao Viet Securities Co (BVS) yesterday published its financial performance report, with revenue for the first six months of this year reaching VND101.8 billion (US$4.8 million), 55 per cent of the year's target.

However the profits recorded during this period were only VND56.3 billion ($2.6 million), or 73 per cent of the year plan.

The figures reveal that revenue and profits have fallen by 12 and 14 per cent respectively, compared to the same period last year.

In the second quarter, the company held on to its top 10 ranking of securities firms that hold the highest market share in terms of shares and fund certificates on the Ha Noi Stock Exchange.

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