3:54:34 PM | 17/7/2009
Saigon Securities Incorporation (SSI), the leading broker in Vietnam, made net profit of VND235.2 billion (US$13.87 million) in the first half of this year, compared with a loss of VND27.26 billion in the same period of 2008.
The net profit it gained during that time thanks to the market’s strong rally since early April, it noted.
Revenue was VND303.8 billion in Jan-Jun, down 52.24 percent on-year, the company said.
Of the total costs, SSI spent VND151 billion for provision of securities price reduction.
In the second quarter, SSI earned net profit of VND205 billion and revenue of VND198.9 billion, while it suffered a loss of VND141.6 billion in the same period last year.
As the end of June, the stock broker had VND1.7 trillion in short-term loans and VND601.3 billion in long-term loans.
SSI is rated as the Best Broker and Best Equity House in Vietnam in 2009 by Finance Asia magazine, replacing Bao Viet Securities (BVS), the Vietnamese winner of the award in 2008.
SSI shares closed flat at VND60,000 on 2.15 million shares traded Thursday [July 16]. (www.ssi.com.vn)
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