BIDV Securities Joint Stock Company (BSC – code BSI) has just released its financial report for the first quarter of 2024 with a pre-tax profit of VND 171.6 billion, an increase of 41% over the same period last year. Besides, other business indicators also showed strong growth.
During the period, brokerage and lending activities recorded revenue of VND 205.7 billion and profit of VND 135.9 billion, respectively, up 38% and 41% compared to the same period last year. The large proportion in BSC’s Q1.2024 profit comes from investment activities with over VND 124 billion, up 50% over the same period of 2023.
As of the end of the first quarter of 2024, BSC’s total assets reached over VND 10,564 billion, up 27% compared to the end of last year. Besides, the outstanding loans as of March 31, 2024 reached nearly VND 5,499 billion, an increase of 28% compared to the end of 2023.
At the end of the first quarter of 2024, BSC recorded operating revenue of VND 351.7 billion, up 22% over the same period last year and pre-tax profit of VND 171.6 billion, up 41% compared to the same period of 2023.
Recently, BSC announced the meeting documents of the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 23. Accordingly, BSC sets a target of VND 550 billion in pre-tax profit. Thus, in the first quarter of 2024 alone, BSC has completed nearly 31% of its profit target for the whole year.
