02:15 (GMT +7) - Monday 23/10/2017

Business

Rong Viet Securities' 9M pre-tax profit up 86.3%

Released at: 09:02, 06/10/2017

Rong Viet Securities' 9M pre-tax profit up 86.3%

Photo: Rong Viet Securities

Corporation records handsome results in revenue during first nine months.

by Quynh Nguyen

The Rong Viet Securities Corporation has released its business results for the first nine months of the year, revealing pre-tax profit of over VND100 billion ($4.4 million), up 86.33 per cent year-on-year.

Net revenue in the first nine months increased 47.16 per cent year-on-year, of which brokerage revenue increased by more than 75.3 per cent, securities underwriting 94.13 per cent, self-trading 28.73 per cent, and margin trading 50.03 per cent.

In the third quarter, in addition to upgrading its infrastructure, Rong Viet also continued to improve its online services with many integrated features to provide convenience and cost savings for investors.

In addition to raising capital, Rong Viet will continue to optimize its service system, upgrade infrastructure and technology, and improve its human resources to expand its brokerage market share, which represent its development orientation.

Rong Viet is one of the leading securities firms in Vietnam, operating in all securities-related businesses: brokerage, investment and financial advisory, underwriting, securities deposit, and propriety trading.

The CEO of the KIDO Group Corporation (KDC), Mr. Tran Le Nguyen, is Chairman of the Board at Rong Viet. He and his brother are founders of the food company, KIDO Corporation, which was formerly known as the Kinh Do Group.

Rong Viet officially transferred from the Hanoi Stock Exchange (HNX) to the Ho Chi Minh Stock Exchange (HSX) on July 19.

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