Securities firms releases audited business reports of 2010

Dai Tay Duong Securities Joint Stock Co (OSC) and Saigonbank Berjaya Securities Joint Stock Co (SBBS) have lately released the 2010 audited financial reports.



In details, OSC reported gaining total revenue of over 29 billion dong, declining by 8 percent year-on-year. Meanwhile, the business costs counted for 22 billion dong, up 120 percent against that of 2009, plus inconsiderable other revenue, resulting in pre-tax profit of over 132 million dong, after tax profit of 74 million dong, dropping by 99 percent against the same period of last year, equivalent to EPS of 5 dong. At present, the company has chartered capital of 135 billion dong.



As for Saigonbank Berjaya Securities Co, the company posted total revenue of 43.2 billion dong, down 18 percent against that of 2009, of which brokerage revenue counted for 7.54 billion dong or 17 percent of the total, a year-on-year surge of 169 percent; revenue from capital contribution of 1.36 billion dong, down 86 percent against 2009, consulting revenue of 439 million dong, and other revenue of 33.87 billion dong, counting for 78 percent of total revenue.



Due to high enterprise management costs, the company’s pre-tax profit was estimated at 6.97 billion dong, down 62 percent, after tax profit of 5.16 billion dong, equivalent to EPS of 173 dong.



Up to December 31, 2010, SBBS’ chartered capital was posted at 300 billion dong, of which Saigon Commercial Joint Stock Bank of Trade and Industry (Saigonbank) contributed 11 percent; Inter Pacific Securities Sdn Bhd of 49 percent and Ky Hoa Tourism and Trading one-member Co Ltd of 13 percent.

Tags: Vietnam business

Posted by VBN on Mar 30 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry