Techcombank Securities (TCBS), Vietnam's largest securities firm by charter capital, announced its second quarter financial report with total operating revenue of 2,690 billion VND, a 20% increase compared to the same period last year. Interest income from loans contributed the most to revenue (31.3%), reaching 844 billion VND.

Operating, financial, and corporate management expenses increased by 44%, 61%, and 19.5% respectively. Despite these increases, TCBS still reported a pre-tax profit of 1,733 billion VND, a 7.6% rise compared to the same period last year. This also represents the company's highest ever profit.

For the first half of the year, TCBS achieved 4,688 billion VND in operating revenue and 3,043 billion VND in pre-tax profit, both showing a 9.7% increase compared to the same period last year.

As of 30/6, the securities firm's total assets reached 65,134 billion VND, an increase of nearly 12,000 billion VND since the beginning of the year. The company's outstanding loans amounted to approximately 33,805 billion VND, a 30.4% increase, the highest to date. Of this, margin lending reached 33,192 billion VND.

Financial debt stood at around 27,437 billion VND, all of which is short-term. Equity reached 30,063 billion VND, a 14.3% increase over the 6-month period.

On 5/7, TCBS shareholders approved a plan to sell a maximum of 231 million shares in its initial public offering (IPO), equivalent to 11.1% of its capital. This will increase the company's charter capital to 23,113 billion VND from the previous 20,801 billion VND. The offering price has not yet been announced.

TCBS plans to use 70% of the proceeds for proprietary securities trading, including but not limited to investing in stocks and bonds. The remaining 30% will be invested in brokerage activities, margin trading, and pre-funding securities sales.

Trong Hieu