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Business Plan 2023 Completion, Dividend and Bonus Share Payment
Recently, VIX Securities Company announced information about the 2024 Annual General Meeting of Shareholders to pay dividends and bonus shares. Specifically, VIX Securities will pay dividends for 2023 in shares at a rate of 10%, and issue bonus shares to increase capital from shareholder capital for existing shareholders at a rate of 10%. The total shareholder proportion receiving is 20%.
In the business plan for 2023, VIX Securities developed two main pillars: brokerage and proprietary trading, which are the strengths of VIX.
The actual results of operations in 2023 have demonstrated the correctness of this direction. The audited financial statements for 2023, which were recently published, showed that by the end of 2023, VIX recorded a total revenue of 1,624 billion VND, a 36.7% increase compared to the previous year.
Pre-tax profit reached 1,198.8 billion VND, tripling the previous year (2022 reported pre-tax profit of 376.3 billion VND). Net profit reached 966.4 billion VND, more than triple the previous year.
Explaining the reason for the sudden increase in profit, VIX stated that in 2023, the market was positive, with the VN-Index increasing by 12% compared to the beginning of the year, leading to significant growth of the company’s proprietary trading securities portfolio. Revenue from gains on financial assets recorded through profit/loss (FVTPL) increased by 39.6%, while losses from financial assets recorded through profit/loss (FVTPL) decreased by 52% compared to the previous year.
As of the end of 2023, the outstanding balance of loan and pledge activities of the Company reached 3,000 billion VND, a 168% increase compared to the beginning of the year, resulting in a 31.8% increase in profit from accounts receivable and lending activities compared to the previous year.
Introducing the new XPower software into operation
In January 2024, XPower – the new stock trading platform of VIX Securities, was officially synchronized on both WebTrading and MobileTrading platforms. XPower brings superior utilities to serve investors, such as accelerating order processing speed, supplementing trading utilities; helping investors manage assets and execute investments conveniently, quickly, and effectively.
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This is the latest step in the process of implementing the direction of investment development and applying technology, combining artificial intelligence (AI) in stock trading by VIX.
In particular, aiming to bring customers unlimited trading utility experiences and provide a safe investment platform with superior processing speed, VIX has continuously improved the system’s processing, storage, and security capabilities and combined artificial intelligence (AI) to provide superior customer care and specialized information.
It can be said that improved financial capacity, along with scientific and synchronized investment in technology, will be the foundation for VIX to seize growth opportunities in the new market context.
