Business

HoSE enjoys record post-tax profit in 2020

The Ho Chi Minh Stock Exchange (HoSE) posted 553 billion VND (23.9 million USD) in 2020 after-tax profit, a record figure that grew 46 percent year on year.
HoSE enjoys record post-tax profit in 2020 ảnh 1The headquarters of the Ho Chi Minh Stock Exchange (Photo: HoSE)
Hanoi (VNA) – The Ho Chi Minh StockExchange (HoSE) posted 553 billion VND (23.9 million USD) in 2020 after-taxprofit, a record figure that grew 46 percent year on year.

According to its recently released audit report,HoSE earned 993 billion VND in net revenue last year, up 39 percent from theprevious year.

The revenue mostly came from stock tradingservice fees which totaled 873.4 billion VND, up 45 percent year on year.

After deducting expenses, the exchange saw arecord of 553 billion VND in post-tax profit.

In 2020, the average liquidity per tradingsession on HoSE reached 6.19 trillion VND, rising 58 percent from the previousyear. Money continued flowing into the market this year, helping liquidityfrequently top 15 trillion VND each session, which will have positive impact onHoSE’s business performance this year.

For 2021, it aims at 1.065 trillion VND inrevenue, up 7.3 percent, and 648.3 billion VND in pre-tax profit, down 6 percentfrom 2020./.
VNA
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