HNX-listed Wall Street Securities Joint Stock Co (coded WSS) has reported its fiscal statement in the first quarter of 2012 with after tax profit of 92 million dong, increasing 12 times from the same period last year.
According to the report, the company’s revenue reached 9.4 billion dong in the first three months of this year, equalling to only about 70 percent of that of the same period last year.
Of which, its revenue from securities brokerage activities reached 527 million dong, or 44 percent on year, revenue from consulting services decreased strongly to reach 45 million dong in comparison with 100 million dong in Q1/2011.
However, its business operation costs decreased 1.2 billion dong on year, to 6.7 billion dong and the corporate management costs declined 3.2 billion dong to 2.7 billion dong.
Thus, WSS’s pre tax profit in Q1/2012 was 122 million dong and after tax profit was 92 million dong.
As of March 30, 2012, WSS’s short term provision fund increased from 57.9 million dong in early this year to 807.7 million dong and long term fund increased from 14.5 billion dong to 17.7 billion dong.
Its cash and cash equivalents were 122.2 billion dong, rising 10 percent from early this year.
Its short term debts were 37 billion dong, rising 24.6 billion dong from early this year.