Viet Capital Securities (VCI) reports strong growth in first nine months
Viet Capital Securities has reported net revenues of VND922 billion (US$40.4 million) for the third quarter of 2021, 228 per cent higher than the same period last year.
This took its revenues for the first nine months to VND2.58 trillion ($113.2 million), a year-on-year increase of 141 per cent, achieving 126 per cent of its full-year plan.
Profit before tax was VND399 billion ($17.5 million) for the third quarter and VND1.27 trillion ($55.7 million) for the first nine months, up 245 per cent and 145 per cent over the same period last year, equivalent to 101 per cent of its full-year profit plan in the nine months.
Earnings per share rose by 145 per cent to VND3,100.
Its total equity reached VND6.3 trillion as of September 30, up 20 per cent compared to the end of June.
Its profit from brokerage in the third quarter and the first nine months were VND71 billion and VND215 billion, up 200 per cent and 144 per cent over the same period last year.
VCSC was the fifth largest brokerage on the Ho Chi Minh City Stock Exchange during the quarter with a market share of 4.9 per cent.
Its investment banking segment recorded revenue of VND102 billion and profit before tax of VND44 billion in the third quarter.
In the first nine months, its investment banking team focused on finalising notable advisory deals, including the sale of 49 per cent of FE Credit to the Sumitomo Mitsui Banking Corporation.
Revenues from the deals have not been accounted for since they were not fully completed during the period.
Investment recorded revenue was VND433 billion and profit before tax VND251 billion in Q3, up 368 per cent and 529 per cent year-on-year.
Its margin leanding’s revenue and profit before tax in the third quarter were up by 166 per cent and 67 per cent to reach VND158 billion and VND9 billion.