HO CHI MINH CITY SECURITIES CORPORATION Ho Chi Minh City Securities Corporation (HSC, HOSE: HCM) would like to announce the financial performance in Q3.2022 and accumulative 9 months of 2022.
End of Q3.2022, VN-Index closed at 1,132 points, decreased 5.4% in Q3 and 24.4% after 9 months. The average trading value of whole market decreased by 22% compared to Q2.2022 and by 40% compared to the same period in 2021.
Q3. 2022, HSC achieved VND 637 billion in revenue, more than VND 206 billion in before-tax profit. Decreased 30% and 48% respectively compared to the same quarter in 2021.
Accumulative 9M.2022, HSC achieved total revenue of VND 2,270 billion, a slightly decreased of 6% compared to the same period last year. HSC's cumulative profit before tax for 9M2022 reached VND 909 billion, completed 61% yearly plan.
After the first 09 months, HSC achieved earnings per share (EPS) of VND 1,590. The return on equity (ROAE) ratio was 19.3%.
(*) Revenue and expenses of the 2 periods are recorded to reduce the losses of proprietary investment activities for comparison purposes.
Accordingly, three key businesses: brokerage, margin lending and proprietary investment contributed 97% of total net revenue in the first 9 months of 2022.
• Brokerage services accounted for 30% of HSC's total revenue, reaching VND 687 billion, decreased 33% comparing to the same period of 2021.
• Revenue from margin lending activities reached VND 1,019 billion, an increase of 26% over the same period and accounting for 45% of total revenue.
• Proprietary investment achieved VND 498 billion in revenue, slight increased 7% y-o-y and contributed 22% to HSC's 9M.2022 revenue.
• Revenue from corporate financial advisory recorded VND 50 billion, increased 55% over the same period last year.
Please access here for Q3.2022 Financial Statement
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Ho Chi Minh City Securities Corporation published this content on 20 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2022 08:58:59 UTC.
