The resolution of the Board of Directors of VIX Securities Joint Stock Company (VIX Securities) approved the adjustment to increase the 2023 business plan with after-tax profit reaching VND 920 billion, an increase of more than 170% compared to the previously approved plan of only VND 540 billion.
At the same time, the company also approved a 2023 dividend at a rate of 10%. For the remaining surplus capital, the board of directors will consider and submit it to the 2024 annual shareholders' meeting for decision.
In the market, investors are interested in VIX Securities and this unexpected event of adjusting the profit plan. Accordingly, in the first 6 months of the year, VIX Securities achieved a profit after tax of 576 billion VND, an increase of 76.4% compared to 2022.
VIX Securities Logo
Specifically, operating revenue recorded nearly VND960 billion, up 25% over the same period. Main revenue from proprietary trading activities recorded more than VND674 billion, up 36% over the same period last year. Revenue from operations such as brokerage, lending, other receivables, underwriting, etc. reached VND285 billion.
As of June 30, 2023, VIX's total assets reached VND8,552 billion, up 5% compared to the beginning of the year. Notably, VIX Securities did not record financial loans or bonds. The company's equity is currently at VND8,439 billion, of which undistributed profit after tax is more than VND781 billion.
In 2023, the General Meeting of Shareholders of VIX Securities approved the plan of pre-tax profit of VND 676 billion, an increase of 80% and after-tax profit of VND 540 billion, an increase of 73% compared to the results achieved in 2022. Thus, after 6 months, the company exceeded the annual profit target, aiming to be one of the securities companies with safe and highly effective operations.
On the stock exchange, VIX stock price is also fluctuating, trading at 16,700 VND/share, down slightly by 300 VND/share in the session on August 23.
Source
Comment (0)