Business
HCMC Stock Exchange's profit nearly double in 6 months
In 2018, Ho Chi Minh City Stock Exchange (HoSE) sets revenue target of VND789 billion (US$33.91 million) and a pre-tax profit of VND473 billion (US$20.33 million).
In the first six months of 2018, HoSE reported increases of 73% and 95% year-on-year in revenue and profit, respectively, according to the exchange.
HoSE's revenue in the January - June period reached VND548 billion (US$23.55 million), up 73% year-on-year, or 69% of the years target, of which, revenue from securities trading made up the majority with VND486 billion (US$20.88 million), up 76% year-on-year.
The stock exchange's gross profit in the first six months stood at VND516 billion (US$22.18 million), up 78% year-on-year. With administrative expense excluded, HoSE's pre-tax profit reached VND387 billion (US$16.63 million), up 95% year-on-year, and meeting 82% of the year's target.
In 2018, HoSe sets revenue target of VND789 billion (US$33.91 million) and pre-tax profit of VND473 billion (US$20.33 million).
By the end of June 30, HoSE's total assets were reported at VND1.77 trillion (US$76.07 million), up 9% compared to the beginning of the year. The majority of its assets were demand deposits of VND193 billion (US$8.29 million) and VND768 billion (US$33.01 million) of short-term deposits, from six months to one year, totaling VND961 billion (US$41.29 million), followed by fixed assets of VND624 billion (US$26.81 million).
Additionally, HoSE's equity by the end of June 30 stood at VND1.46 trillion (US$62.73 million), up 6.7% compared to the beginning of the year, while its payables reached VND308 billion (US$13.23 million), up 21%.
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The stock exchange's gross profit in the first six months stood at VND516 billion (US$22.18 million), up 78% year-on-year. With administrative expense excluded, HoSE's pre-tax profit reached VND387 billion (US$16.63 million), up 95% year-on-year, and meeting 82% of the year's target.
In 2018, HoSe sets revenue target of VND789 billion (US$33.91 million) and pre-tax profit of VND473 billion (US$20.33 million).
By the end of June 30, HoSE's total assets were reported at VND1.77 trillion (US$76.07 million), up 9% compared to the beginning of the year. The majority of its assets were demand deposits of VND193 billion (US$8.29 million) and VND768 billion (US$33.01 million) of short-term deposits, from six months to one year, totaling VND961 billion (US$41.29 million), followed by fixed assets of VND624 billion (US$26.81 million).
Additionally, HoSE's equity by the end of June 30 stood at VND1.46 trillion (US$62.73 million), up 6.7% compared to the beginning of the year, while its payables reached VND308 billion (US$13.23 million), up 21%.
