New Companies Announced Q1 2024 Financial Statements on April 19:
Net revenue for **SHS Securities (SHS)** dropped by 17% year-over-year to 565 billion VND in Q1/2024, primarily due to a 26% decrease in gains from FVTPL assets, which fell to 369 billion VND. However, thanks to a significant reduction in operating expenses, SHS Securities reported a pre-tax profit of 444 billion VND, almost 9 times higher than Q1/2023.
BIDV Securities (BSI) achieved an operating revenue of 352 billion VND in Q1, a 23% increase compared to the same period last year. After deducting expenses, BSI recorded a pre-tax profit of nearly 172 billion VND, a 41% growth year-over-year. The corresponding net income reached 137 billion VND.
At **HSC Securities (HCM)**, the operating revenue for Q1 increased by 37% year-over-year to 863 billion VND. Operating expenses, on the other hand, rose by just over 6%. As a result, HSC reported a pre-tax profit of nearly 346 billion VND in Q1/2024, a 124% increase compared to the same period last year.
Western Bus Station Joint Stock Company (WSC) recorded a net revenue of 39 billion VND, a 15% increase compared to the same period last year and a record high in its operating history. Net profit increased by 21%, exceeding 19 billion VND for the first time.
Phat Dat Real Estate Development JSC (PDR) reported a 15.6% decrease in revenue to 162.2 billion VND. However, thanks to nearly 34 billion VND from other profit sources, the company recorded a pre-tax profit of 76.3 billion VND, an increase of 146%.
DAP – VINACHEM JSC (DDV) announced its Q1/2024 financial statements with a 5% increase in net revenue to 778 billion VND year-over-year. After deducting expenses, the company recorded a 4,715% increase in pre-tax profit to 33 billion VND.
SSI Securities Corporation (SSI) reported a consolidated financial statement for Q1 with a total revenue of 1,945 billion VND, an increase of 33% compared to the same period last year. After deducting expenses, SSI’s pre-tax profit for Q1/2024 reached 900 billion VND, a 53% increase compared to Q1 2023. This is also the highest profit for this company in the past 2 years.
FPT Securities (FTS) recorded an operating revenue of over 299 billion VND in Q1/2024, an increase of 68% compared to the same period last year. Consequently, net profit after tax increased by 93% to 191 billion VND, with realized profit exceeding 123 billion VND (a 25% growth) and unrealized profit exceeding 68 billion VND. This is also the highest profit for this company in the past 2 years.
Vietinbank Securities (CTS) reported a 63% growth in operating revenue to nearly 324 billion VND. The most significant increase was in gains from FVTPL assets, which grew by nearly 88% to over 165 billion VND. Gains from loans and receivables also increased by almost 72% year-over-year to over 79 billion VND.
After deducting expenses, this securities company reported a pre-tax profit of over 124 billion VND, an 822% increase compared to the modest profit of 13 billion VND in Q1 of the previous year. Thus, this company also reported its highest profit since Q1/2021.
Bamboo Capital (BCG) announced its consolidated financial statements for Q1/2024 with net revenue reaching 985.4 billion VND, a 40.5% increase compared to the same period in 2023. Notably, the company’s pre-tax profit tripled to 117 billion VND.
With a 34% revenue decline, **Long Hau Corporation (LHG)** reported a 32% decrease in pre-tax profit.
Sonadezi Chau Duc JSC (SZC) reported a Q1/2024 profit that was 5.6 times higher than the same period last year, reaching nearly 43 billion VND.
