National Securities Corporation (NSI) has just announced its business results for the second quarter of 2024. It recorded operating revenue of VND 71.6 billion. Operating revenue in the period was 6 times higher than that of the second quarter of 2023.
National Securities Corporation turns loss into profit in Q2/2024 (Photo TL)
Regarding revenue structure, profit from loans and receivables recorded VND51.4 billion, up 3.2 times. Profit from main assets recorded through profit/loss (FVTPL) reached VND9.8 billion while last year it was still losing VND7.6 billion. The reason was due to the difference in revaluation of main assets through profit/loss. Securities brokerage reported a profit of VND6.5 billion, 2.8 times higher.
Revenue increased but recorded expenses in Q2/2024 were reduced. Operating expenses in Q2 decreased by 78.3% compared to the same period, to VND 5.2 billion. The reason was that no loss was recorded on main assets recorded through profit/loss (FVTPL).
After deducting all operating expenses, National Securities reported a profit after tax of VND15 billion. Compared to the loss of VND34.1 billion in the same period, this is a significant improvement for National Securities.
National Securities' accumulated profit in the first 6 months of the year reached VND 19.6 billion, an increase of nearly VND 27.4 billion over the same period last year. Compared to the 2024 plan, NSI has completed 85.2% of the profit target even though it has only passed the first half of the year.
By the end of the second quarter, the total assets of National Securities reached VND 1,626 billion, down VND 140 billion compared to the previous quarter.
Source: https://www.congluan.vn/chung-khoan-quoc-gia-nsi-chuyen-lo-thanh-lai-15-ty-trong-quy-2-post303800.html
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