Rong Viet Securities (VDS) profit doubles

Rong Viet Securities Company has reported that its profits more than doubled year-on-year in the first two months.

Its pre-tax profit in the period was VND30 billion (US$1.3 million), on revenues of VND75 billion ($3.3 million).

Revenues from margin trading rose by over 48 per cent while income from brokerage saw a whopping 179 per cent jump.

The company said 2018 is the first year since its restructuring.

This year it targets after-tax profit of VND144 billion ($6.3 million).

It plans to increase its registered capital to VND1 trillion ($43 million) by issuing shares and invest in human resources and IT.

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