Wall Street Securities Corporation (WSS) has just announced its Q3 business performance report showing that operating revenue grew 21% year-on-year, reaching more than VND6 billion.
Of which, profit from FVTPL financial assets accounted for 3 billion VND, profit from HTM investments accounted for 3 billion VND. Revenue from brokerage and financial consulting services accounted for just over 100 million VND.
Wall Street Securities (WSS) self-trading investment lost 36%, entering the 5th consecutive quarter without profit (Photo TL)
Operating expenses in Q3 recorded up to VND13 billion, 4.3 times higher than the same period. Mainly, losses from FVTPL financial assets.
At the end of the third quarter, WSS reported a loss of nearly VND9 billion, compared to a loss of more than VND400 million in the same period last year. This is the fifth consecutive quarter that this securities company has reported a loss, showing signs of instability in its business operations.
Cumulative revenue for the first 9 months of the year reached 16 billion VND, down 70% compared to the same period last year. The company had to report a loss of 33 billion VND while last year it still made a profit of 16 billion.
Notably, WSS's proprietary trading segment with securities investments worth more than VND100 billion is having a big problem. At the end of September 2024, the original FVTPL value was VND163 billion. While the market value was nearly VND104 billion, it was estimated to have lost 36% compared to the original price.
Source: https://www.congluan.vn/dau-tu-tu-doanh-tam-lo-36-chung-khoan-pho-wall-wss-bao-lo-quy-thu-5-lien-tiep-post316926.html
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