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Tuesday, June 25, 2024

VNX makes nearly VND2 trillion in profit in 2023

The Saigon Times

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HCMC – The Vietnam Stock Exchange (VNX), the parent company of the Hochiminh Stock Exchange and the Hanoi Stock Exchange, has published its audited consolidated financial statement for 2023, with profit put at close to VND2 trillion.

The financial statement revealed that VNX achieved revenue of over VND3 trillion in 2023, a 10% decrease against 2022.

Of this, securities trading service revenue amounted to VND2.8 trillion, making up 92% of the total revenue. Revenue from financial activities rose by 47% year-on-year to VND166 billion, primarily from interest on deposits and loans.

Regarding expenses, VNX spent around VND671 billion on business management costs last year.

At the end of 2023, VNX made pre-tax profit of over VND2.4 trillion and after-tax profit of over VND1.92 trillion, an 8% decrease over 2022. The total assets of the exchange reached nearly VND4 trillion, a slight decrease of 1% from the beginning of the year.

For 2024, VNX has set a target of generating nearly VND2,797 billion in revenue and over VND1,423 billion in after-tax profit.

In the first quarter of 2024, the exchange achieved total revenue of nearly VND585 billion and after-tax profit of almost VND575 billion, accomplishing 21% and 41% of the annual targets, respectively.

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