SSI: First-quarter Net Profit Falls 24.17% On year to VND185.57Bln

Net revenue for the first quarter was down 4.8% on year to VND364.2 billion, but its operation cost surged 68.7% to VND131.4 billion, the company said in its financial statement.

SSI earned VND62.1 billion from brokerage services and VND167.9 billion from securities trading and investment, down 18.8% and 25.3% on year, respectively.

As of March 31, SSI’s total assets grew 12.9% from late 2014 to VND9.66 trillion while its total liabilities were up 27.8% to VND3.977 trillion.

SSI had VND528.79 billion worth of provisions by the end of the first quarter.