Unexpectedly, profits of many securities companies plummeted.

In the first quarter of this year, the VN-Index increased to over 1,300 points, but unexpectedly many securities companies saw their profits plummet.

A series of securities companies have announced their financial reports for the second quarter of 2025 with quite surprising results when recording a sharp decline in profits, although at the end of the first quarter of 2025, the VN-Index reached 1,306.86 points, up 3.16% compared to the end of 2024. However, the average liquidity in the first quarter of this year only reached VND 18,179 billion, down more than 24% compared to the same period last year and this is one of the reasons affecting the profits of many securities companies.

For example, Vietcombank Securities Company (VCBS) announced its financial report for the first quarter of 2025 with revenue of VND344.6 billion, down 14%, and pre-tax profit of more than VND125 billion, down more than 30% compared to the same period last year. The company said the reason for the decline in profits was due to reduced liquidity in the stock market, causing revenue from self-trading and brokerage activities to decrease.

Many securities companies report plummeting profits in the first quarter of 2025

PHOTO: TPS

Similarly, the first quarter profit of Ho Chi Minh City Securities Company (stock code HCM) this year reached VND 283 billion, down 18% compared to the same period in 2024. Of which, securities brokerage revenue reached VND 164 billion, down 23%; proprietary trading activities reached VND 111 billion, down 31% compared to the same period in 2024...

Another company, Rong Viet Securities Company (stock code VDS), also recorded a decline in both revenue and profit. Specifically, operating revenue in the period reached more than VND 169 billion, down 40.4% compared to the same period in 2024. Of which, the two main areas that were strongly affected, self-trading and brokerage, both declined. VDS's pre-tax and after-tax profits were only VND 21.5 billion and VND 18 billion, respectively, down nearly 84% compared to the same period last year.

Thien Viet Securities Company (stock code TVS) also saw a sharp drop in profits. Thien Viet's separate financial report for the first quarter of 2025 recorded revenue of VND150 billion, down 57.7% and pre-tax profit of only VND17.8 billion, down 93.5% compared to the same period last year. The company explained that the sharp drop in profits was due to the fact that in the same period last year, the company received dividends from long-term investments.

Or Tien Phong Securities Company (stock code ORS) also announced first quarter revenue This year's profit reached 449.3 billion VND, down 7.14%, but pre-tax profit for the quarter only reached over 2 billion VND, down nearly 98% compared to the same period last year (reaching over 93 billion VND). The company explained that due to increased costs and decreased revenue, after-tax profit plummeted.

Many other companies also recorded a decline in profits, such as FPT Securities Company (stock code FTS) with pre-tax profit of VND 173 billion, down nearly 10%; DNSE Securities Company with pre-tax profit of nearly VND 66.5 billion, down 14%; Bao Viet Securities Company recorded pre-tax profit of VND 51 billion, down 23.5% compared to the same period last year...

Source: https://thanhnien.vn/bat-ngo-loi-nhuan-nhieu-cong-ty-chung-khoan-lao-doc-185250420090447424.htm