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Rong Viet Securities (VDS) reports $6m profit

Jan 19th at 08:28
19-01-2018 08:28:00+07:00

Rong Viet Securities (VDS) reports $6m profit

Rong Viet Securities on Thursday announced it achieved pre-tax profits of VND138 billion (US$6 million) for 2017, a 125 per cent rise from the previous year.

 

Revenues rose to VND366 billion ($16 million), 42 per cent from securities services, a 32 per cent jump year-on-year.

Brokerage activities contributed more than 23 per cent; the rest came from proprietary investment and was up 98 per cent compared to previous year.

It said its capital had been increased to VND910 billion ($40 million) last year, and would rise to VND1 trillion ($44 million) through a bonus issue next April.

The company plans to keep looking for strategic partners to increase its capital to VND1.2-1.3 trillion ($52-57 million).

This year, it will table at the shareholders meeting a proposal for employee stock ownership of 3 per cent of the new capital.

Rong Viet Securities is one of the top 15 securities companies in Viet Nam.

It was established in 2006.

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