FPT Securities earn VND 104 billion in profit after 9 months

Profit after-tax was more than VND 37 billion, up 103% compared with the same period last year. During the period, revenue from brokerage activities increased by over 226%, equivalent to VND 27.4 billion. Proprietary trading brought about VND 516 million, an increase of nearly 71%. The revenue from consultant service increased to VND 1.8 billion (by nearly 46%) while it got more than VND 36.7 billion from other activities, up 28.4% compared to the third quarter of 2013.

FPT Securities held many courses for investors.

According to representatives of FPT Securities, the higher transaction value compared to the same period last year made revenue and profit from brokerage and consultant service soar. Revenue from margin trading and cash advance on matched sell orders also increased over the same period. In addition, that the corporate income tax rate dropped from 25% to 22% was considered one of the impacts.

After the first 9 months of the year, FPT Securities earned over VND 191 billion in revenue and nearly VND 104 billion in profit after-tax, increases of 44% and more than 60% respectively over the first 9 months of 2013.

As of September 30, the total current assets of FPT Securities were worth of more than VND 2,294 billion, up 32% compared to early 2014. In particular, short-term receivables increased to more than VND 940 billion (by 95%). Short term securities investment fell by nearly 30%, staying more than VND 116.5 billion.

In the third quarter, FPT Securities continued to be listed among the top 10 companies with the biggest stock brokerage market share on both stock exchanges.