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Rồng Việt Securities reports $6m profit
http://vietnamnews.vn/ - 1/19/2018 2:08:36 PM
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Rồng Việt Securities on Thursday announced it achieved pre-tax profits of VNĐ138 billion (US$6 million) for 2017, a 125 per cent rise from the previous year.
 
Revenues rose to VNĐ366 billion ($16 million), 42 per cent from securities services, a 32 per cent jump year-on-year.
 
Brokerage activities contributed more than 23 per cent; the rest came from proprietary investment and was up 98 per cent compared to previous year.
 
It said its capital had been increased to VNĐ910 billion ($40 million) last year, and would rise to VNĐ1 trillion ($44 million) through a bonus issue next April.
 
The company plans to keep looking for strategic partners to increase its capital to VNĐ1.2-1.3 trillion ($52-57 million).
 
This year, it will table at the shareholders meeting a proposal for employee stock ownership of 3 per cent of the new capital.
 
Rồng Việt Securities is one of the top 15 securities companies in Việt Nam.
 
It was established in 2006. — VNS
 
Read original article here
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