VNDirect securities broker posts 117b dong loss in Q4

VNDirect Securities Joint Stock Co (VND) has recently announced its business results in Q4, 2010 with 92 billion dong of revenue, increasing slightly against 89.8 billion dong of the same period 2009.

Of which, the company’s revenue were mainly from non-core sectors with 67.6 billion dong, revenue from brokerage reached 17 billion dong and revenue from securities self-trading at 3.45 billion dong.

The broker’s business costs were up to 191.2 billion dong, over two fold against its revenue. Of which, the expenses for self-trading activities were 167 billion dong, capital using costs at 30.5 billion dong.

The company’s provision refund was 13.2 billion dong in Q4.
Its pre tax profit was -117.16 billion dong whereas in Q4 2009, the company gained 61.54 billion dong of profit.

During the first three quarters of the year, VND posted pre tax profit at 279.6 billion dong. With the loss in Q4, the company’s pre tax profit for the full year was only 162 billion dong.

In 2010, VND ranked at the second in term of brokerage market share on Hanoi Stock Exchange (5.12 percent of market share) and at the seventh on Hochiminh Stock Exchange (2.86 percent of market share).

 

Category: Stocks