By the end of the third quarter, SSI securities achieved 88% of the 2024 profit plan.

In the first nine months of the year, SSI Securities estimated total revenue of VND 6,452 billion and pre-tax profit of VND 2,981 billion, corresponding to 80% and 88% of the 2024 annual plan, respectively.

SSI Securities Corporation (HoSE: SSI) has just announced its separate financial report for the third quarter of 2024, with total revenue and pre-tax profit reaching VND 1,994 billion and VND 937 billion respectively, representing increases of 5% and 11% compared to the same period in 2023. SSI estimates consolidated revenue will reach VND 2,076 billion and pre-tax profit will reach VND 979 billion.

Cumulatively, in the first nine months of the year, the company is estimated to have achieved total revenue of VND 6,452 billion and pre-tax profit of VND 2,981 billion, completing 80% and 88% of the 2024 annual plan respectively.

In each field alone, the securities service segment recorded revenue of nearly VND905 billion, accounting for 45% of total revenue.

Brokerage, custody, investment advisory, and other services generated revenue of VND 356 billion, a decrease of 35% compared to the same period last year. However, for the first nine months of the year, brokerage, custody, and investment advisory services recorded revenue of VND 1,394 billion, an increase of 18% compared to the same period last year.

Margin lending and pre-sales continued to be a bright spot, recording a 27% increase in revenue over the same period, reaching nearly VND 549 billion in the third quarter. SSI's margin lending balance reached more than VND 19,000 billion, up nearly 30% compared to the end of 2023. In the first 9 months of the year, SSI achieved VND 1,509 billion in margin lending revenue, up 34% over the same period.

Regarding the investment segment, in Q3 2024, revenue from investment activities reached VND 991 billion, a 32% increase compared to the same period last year and accounting for 50% of the company's total revenue. For the first nine months of the year, the investment segment generated VND 2,942 billion in revenue, a 38% increase compared to the same period in 2023.

Revenue from capital and financial business recorded 95 billion VND, accounting for 5% of total revenue. Accumulated revenue from this segment in 9 months reached 390 billion VND.

In addition, SSI's investment banking and other services are also gradually asserting their role in advising on capital mobilization transactions, especially bond transactions. SSI expects this segment to have more positive results in the following quarters when the demand for capital mobilization from businesses increases.

Source: https://baotainguyenmoitruong.vn/het-quy-3-chung-khoan-ssi-dat-88-ke-hoach-loi-nhuan-nam-2024-381835.html