Thanh Cong securities broker posts losses for third straight year

Ending the year 2010, Thanh Cong Securities Joint Stock Co (TCSC) continued posting a loss of nearly 10 billion dong after two consecutive years of losses with over 30 billion dong each.



According to the audited business results in 2010, TCSC gained 31.2 billion dong revenue and after tax loss at 9.7 billion dong.



In 2008 and 2009, the company also posted respective losses of 33.7 billion dong and 33.2 billion dong.



TCSC with the head office at No 72-74 Nguyen Thi Minh Khai, ward 6, district 3, HCM City, has a chartered capital of 360 billion dong

With the accumulated losses of up to 75.67 billion dong, the company’s equity is now only 284.33 billion dong.



TCSC’s two major shareholders are Thai Seamico Securities with 18.9 percent stake and Thanh Cong Textile Garment Investment Trading Joint Stock Co (TCM) with the holding of 24.6 percent stake.

Tags: Vietnam business, vietnam enterprices

Posted by VBN on Mar 17 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