Stock brokerage firm suffers loss of 7.5b dong in Q1

20-Apr-2011 Intellasia | Vietstock | 8:32 PM Print This Post

The northern bourse-listed Trang An Securities Joint Stock Co (coded TAS) has released the Q1 business reports with total loss of 7.56 billion dong.

In the first three months of this year, the stock brokerage firm reported gaining only 2.4 billion dong of revenue, declining by 5 times against the same period last year, of which brokerage revenue was posted at only 1.6 billion dong.

Meanwhile, the company’s operation cost rose to 8.4 billion dong, resulting in combined profit of negative 6.6 billion dong.

By the end of March, TAS suffered loss of 7.56 billion dong, compared to profit of over 3 billion dong in Q1 of 2010.

 


Category: Stocks

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