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Securities firm SSI sees revenues, profit skyrocket
Saigon Securities Inc. did well last year because it accurately forecast the micro-economic situation to work out suitable business plans, chairman Nguyen Duy Hung told the annual shareholders meeting in HCM City on Thursday.
The company's revenues stood at VND1.56 trillion (US$72 million), more than twice the 2013 figure, and net profit at VND860 billion, up 162 per cent.
In terms of market share, SSI tops the list of brokerages operating on the HCM Stock Exchange and is second in Ha Noi. It ranks first in combined market share.
It was named the Best Consultant in Vietnam and the Best Investment Bank in Vietnam by The Asset and Finance Asia magazines.
The company will pay a 10 percent dividend for 2014 and issue a bonus share for every five held.
It targets gross profit of VND1.021 trillion (US$47 million) on revenues of VND1.318 trillion this year.
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