Home Companies

VDS sees profits zoom

Apr 14th at 17:09
14-04-2017 17:09:13+07:00

VDS sees profits zoom

Rong Viet Securities Company has reported a 157 per cent jump in pre-tax profit to VND30.1 billion (US$1.3 million) in the first quarter.

 

Revenues rose by a more modest 62 per cent to VND63.3 billion ($2.8 billion).

The company said security broking accounted for VND33.5 billion ($1.4 million) of revenues with proprietary investment also accounting for a large chunk of its profits.

The company said it is on track to achieve the year’s targets.

It said would pay 6 per cent dividend for last year in May this year.

By the end of this month it would switch from the Ha Noi to the HCM City stock market, it added.

bizhub

MOST READ

NEWS SAME CATEGORY

Investing in FLC Faros offers funds attractive returns
COMPANIES Apr 13th at 08:06

Investing in FLC Faros offers funds attractive returns

FTSE Viet Nam ETF was holding some 3.12 million shares of FLC Faros Construction Company (ROS), valued at over VND530 billion (US$23.3 million) as of April 10...

BVH 's revenue up 24% in 2016
COMPANIES Apr 12th at 09:20

BVH 's revenue up 24% in 2016

According to the group’s audited financial results released on Monday, revenue from life insurance touched VND13.48 trillion, making up 52.4 per cent of the...

ACB hopes to end bad debts in 2017
COMPANIES Apr 11th at 10:27

ACB hopes to end bad debts in 2017

Asia Commercial Bank (ACB) hoped to complete the handling of bad debts caused by six companies of former banking tycoon Nguyen Duc Kien by the end of this year, it...

VNM publishes growth targets
COMPANIES Apr 8th at 15:24

VNM publishes growth targets

The Vietnam Dairy Products Joint Stock Company (Vinamilk) announced a growth target for the next five years of 10 per cent annually, with a 70 per cent increase in...

HCM seeks to scrap cap on foreign ownership
COMPANIES Apr 7th at 15:58

HCM seeks to scrap cap on foreign ownership

HCM Securities Corporation (sticker HCM) is seeking its shareholders’ approval to scrap the foreign ownership cap of 49 per cent to pave way for the company to be...

VSN targets 23 per cent rise in revenue
COMPANIES Apr 6th at 19:06

VSN targets 23 per cent rise in revenue

VISSAN Joint Stock Company targets revenues of VND4.54 trillion (US$199.7 million) and a pre-tax profit of VND156 billion ($6.8 million) this year, respectively 23...

Consumer electronics retail (MWG and FPT) losing its appeal
COMPANIES Apr 5th at 13:26

Consumer electronics retail (MWG and FPT) losing its appeal

As the two dominating names in consumer electronics retail, Mobile World Investment Corporation (MWG) and FPT, are slowing down or trying to branch out, it seems...

VJC saw robust growth in 2016
COMPANIES Apr 4th at 09:48

VJC saw robust growth in 2016

Local budget carrier Vietjet has just released its 2016 audited consolidated financial statement, attesting to the company’s strongest growth both in revenue and...

Vietnam food producer MSN gets $250 mln investment from KKR
COMPANIES Apr 4th at 09:31

Vietnam food producer MSN gets $250 mln investment from KKR

Vietnamese food producer Masan Group Corp on Monday said it has received a $250 million investment pledge from global investor KKR & Co LP, in the latest move by a...

Philippine firm eyes Saigon Beer stake
COMPANIES Apr 4th at 09:29

Philippine firm eyes Saigon Beer stake

San Miguel, Philippines’ largest brewery corporation, is “evaluating and may bid” for Viet Nam’s Saigon Beer Alcohol Beverage Corp (SABECO), company president Ramon...

Read More

MOST READ

Back To Top