VIG suffers loss of 59b dong in first nine months

20-Oct-2011 Intellasia | Thoi Bao Kinh Te Vietnam page 7 | 6:07 PM Print This Post

The northern bourse-listed Vietnam Industrial & Commercial Securities Joint Stock Co (coded VIG) has released the Q3 business reports with total net revenue of 27.3 billion dong and profit of negative 25.8 billion dong.

In details, the company reported gaining Q3 revenue of 27.3 billion dong, declining by over 9 percent against the same period last year. Of which, brokerage revenue counted for 17.4 billion dong, or 2.5 times higher year-on-year, consulting revenue of 245 million dong, up 84.6 percent and other revenue of 9.7 billion dong, down 57.8 percent.

The operation cost was posted at 48.7 billion dong, a sharp increase of 2.5 times higher than Q3 of 2010. Therefore, the stock brokerage firm suffered loss of 25.8 billion dong in July-September period.

Accumulatively, after the first nine months of 2011, the company posted gaining accumulative net revenue of 60.5 billion dong, a year-on-year decline of 26.4 percent while after tax profit of 58.9 billion dong, while in the same period last year, the company enjoyed after tax profit of 19.6 billion dong.


Category: Stocks

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