HoSE announces lower profit in H1
Viet Nam’s major trading bourse Ho Chi Minh Stock Exchange (HoSE) has reported its pre-tax profit dropped by almost half year-on-year to VND200 billion (US$8.6 million).
With this figure, HoSE has fulfilled 31 per cent of its whole-year pre-tax profit plan.
In the first six months, HoSE earned VND325 billion, down VND223 billion from last year’s number.
The drop of income from stock trading fees was the cause of the bourse’s lower revenue.
Income from trading charges fell by VND214 billion to VND272 billion in the first six-month period, vneconomy.vn reported.
At the end of the second quarter, the exchange’s total capital fell VND66 billion to VND1.85 trillion. Equity capital was nearly VND1.57 trillion.
There were 445 items listed on HoSE as of June 30, including 377 stocks, 53 corporate and local government bonds, two closed-fund certificates, one real estate investment trust fund certificate, two exchange-traded fund certificates and 10 covered warrants.
The total market value was up 11.2 per cent year on year in six months to VND3.2 quadrillion, accounting for 57 per cent of last year’s total gross domestic product (GDP).
The southern bourse plans to earn VND1 trillion in revenue this year and VND650.3 billion in pre-tax profit.
HNX profit up
The Ha Noi Stock Exchange (HNX) recorded its six-month revenue was down by VND27 billion from the previous year to VND262 billion.
As of June 30, the northern trading bourse earned VND213 billion, up 21.7 per cent year on year, thanks to lower corporate management expense.
Total assets of the northern bourse were down VND82 billion to VND1.2 trillion as of June 30. The figure included VND1.05 trillion worth of owner equity.