Many securities companies have announced their business results for the third quarter of 2024 with different profit levels. There are many large enterprises in the group that still have growth in revenue or profit. For example, Vietcap Securities Company (VCI) announced that its revenue for the third quarter of 2024 was VND974 billion, up 46% and profit after tax was VND215 billion, up 20% over the same period last year. In the first 9 months of the year, Vietcap's profit after tax reached VND692 billion, up 88% over the same period last year.

PHOTO: DAO NGOC THACH

Another company, VPS Securities Company, announced its after-tax profit of VND656 billion in the third quarter, 2.5 times higher than the same period last year. In total, after 9 months, VPS recorded after-tax profit of nearly VND1,684 billion, 3.6 times higher than the same period in 2023. SSI Securities Company reported that in the third quarter of 2024, it achieved after-tax profit of VND750 billion, an increase of 11% over the same period last year. In the first 9 months of this year, SSI's after-tax profit reached VND2,313 billion, an increase of 37% over the same period. Or Mirae Asset Vietnam Securities Joint Stock Company announced after-tax profit in the third quarter of 2024 of nearly VND167 billion, an increase of 2.5% over the same period last year, and in total, after 9 months, after-tax profit increased by 12% to VND479 billion...

On the other hand, some small-scale securities companies reported dismal business results with losses. For example, UP Securities Company - the new name of Royal International Securities Company - recorded operating revenue in the third quarter of 2024 of just over VND 4.7 billion, down 25% compared to the same period last year, mainly due to a decrease in brokerage and financial consulting revenue. As a result, the company lost VND 4.6 billion. In total, after 9 months of operation, UP Securities Company lost nearly VND 500 million.

Dai Viet Securities Joint Stock Company also reported a loss in the third quarter of more than VND 3 billion. In total, after the first 9 months of this year, the company had a profit after tax of VND 17.3 billion, but the loss from previous years increased to VND 10 billion by the end of September. Another unit with a heavier loss was Everest Securities Company in the third quarter of 2024, with a loss of nearly VND 28 billion, while in the same period last year, it had a profit after tax of VND 58 billion. According to the company's explanation, the decrease in stock prices in the investment portfolio increased revaluation costs. At the same time, revenue from self-trading activities decreased, leading to a decline in business efficiency. Thus, in the first 9 months of this year, Everest's accumulated profit was only VND 4 billion, down 87% compared to the same period last year...