VCBS triples nine-month profit on-year
Stock brokerage VCBS has reported net profit of VND93.72 ($4.4 million) in the first nine months of this year, 3.2 times that of the same period last year.
According to the company, rising profits are attributed to it selling a portion of its long-term portfolio in the third quarter. In fact, its long-term financial investments have been reduced by VND203 billion ($9.53 million) since the beginning of the year.
Aside from stock brokering, the firm wants to focus more on bonds. VCBS currently holds a 30 per cent share of the Vietnamese bond brokerage market.
VCBS has set a target of VND110 billion ($5.17 million) in net profit for this year, up 25 per cent against 2013.
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