BVSC reports lower Q3 revenue
BVSC reports lower Q3 revenue
Bao Viet Securities Corporation (BVSC) has reported its revenue in the third quarter of this year fell 16 per cent from a year ago to VND65.74 billion (US$2.92 million).
Of which, revenue from the brokerage sector fell 27 per cent and revenue from trading stocks dropped 33 per cent.
During the third quarter of this year, BVSC reduced its operation costs by 44 per cent to VND21.64 billion ($962,000), however, its management cost was up 149 per cent to VND27.46 billion ($1.22 million). Consequently, BVSC recorded a net profit of VND17 billion ($753,333) in the third quarter, a decrease of 41 per cent from a year ago.
In the first nine months of this year, BVSC recorded a revenue of VND212 billion ($9.42 million) and a net profit of VND84.2 billion ($3.74 million), equal to 70 per cent of this year's target.
