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Banking & Finance

SHS records impressive business results

Released at: 17:39, 23/10/2015

SHS records impressive business results

Nine-month performance of Saigon - Hanoi Securities increases handsomely year-on-year.

by Hung Nguyen

The Saigon - Hanoi Securities Joint Stock Company (SHS) has announced its business results for the first nine months of this year.

Revenue reached VND303.5 billion ($13.59 million), an increase of 19 per cent compared with the same period last year. All of its major business activities recorded significant increases in revenue year-on-year. Brokerage brought in almost VND84 billion ($3.76 million), 51.1 per cent higher, while revenue from consultancy reached VND39 billion ($1.74 million), an increase of 80 per cent. Revenue from other activities stood at VND40.3 billion ($1.8 million), an increase of 97 per cent against the same period last year.

Profit after tax in the third quarter was VND13.5 billion ($604,800), for VND42.3 billion ($1.89 million) in the first nine months.

SHS has been the brokerage for a number of State-owned enterprise (SOE) equitizations. On October 22 it announced it would conduct the IPO of two subsidiaries of the Vietnam National Coal - Mineral Industries Holding Corporation (Vinacomin).

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