SSI achieves 19.3% profit growth in first half

Saigon Securities Inc. achieved pre-tax profits of VND872 billion (US$38.07 million) on revenues of VND2.1 trillion ($91.7 million) in the first half of the year, a year-on-year increase of 19.3 per cent and 60.3 per cent.

The second quarter was a difficult one for the stock market as the VN Index fell by 18.19 per cent and transaction value by 15 per cent.

But SSI still managed to achieve good numbers, with profits and revenues of VND392.7 billion ($17.14 million) and VND1.03 trillion ($45.1 million).

Revenues from securities services and proprietary investment rose strongly and accounted for 53.1 per cent and 28.5 per cent of its total revenues.

SSI retained its leading brokerage position at both the HCM Stock Exchange and Hanoi Stock Exchange with 23.08 per cent and 11.18 per cent market shares.

This is its 18th year at the top in HCM City and the first time a company has achieved a 20 per cent market share.

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