VIX Securities' first-quarter financial report shows revenue of 1,653 billion VND, a 69% improvement year-on-year. However, total operating costs increased 186% to 1,340 billion VND.

VIX Securities' pre-tax profit was 156 billion VND, a 66% drop from the same period last year. This marks the company's lowest profit in the past five quarters.

The company's explanation submitted to HoSE indicates that first-quarter business results were impacted by stock market performance and trading liquidity. Data reveals that lending and brokerage segments maintained growth, but self-trading losses and increased costs during the period exerted greater pressure.

According to the financial report, profit from financial assets recorded through profit/loss reached 1,230 billion VND, contributing 75% to the company's revenue. However, the company recorded a loss of 1,308 billion VND in this business segment, resulting in a net loss of 78 billion VND. In addition to the decline in self-trading activities, financial costs also surged 261% to 150 billion VND.

As of 31/3, VIX Securities' total assets stood at nearly 29,600 billion VND, a 13% decrease from the beginning of the year. The company reduced its loan outstanding from 15,380 billion VND at the start of the year to 12,507 billion VND. This marks the second consecutive quarter that the company's loan outstanding has declined.

Conversely, the fair value of the self-trading portfolio reached 15,042 billion VND, a 3% increase from the year's start. Within this, listed stocks accounted for 10,668 billion VND, an improvement of 6%.

VIX Securities was established on 10/12/2007, formerly known as Vincom Securities (VincomSC), a subsidiary of Vingroup. However, by 2021, Vingroup had fully divested from the company. The company changed its name three times, adopting "VIX Securities" in 2020.

Trong Hieu