VCBS estimates 35b dong profit in H1/2012

In the first six months of this year, Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB)’s Securities JSC (VCBS) estimated to obtain about 35 billion dong profit, of which, bond and capital trading segments made up the majority proportion of the broker’s revenue and profit and brokerage segment also contributed to increasing the company’s profit, according to Ngo Quang Trung, (VCBS)’s general director.

Apart from activities on issuing consultancy, listing and equitisation, VCBS will continue to develop corporate consultancy operation with two main pillars namely underwriting and M&A consultancy and core operations of an investment bank.

Regarding the capital source issue, VCBS has diversified its funds to avoid being relied on the bank credit.

 

Category: Stocks