Photo: SSI
Vietnam’s stock market experienced a volatile 2022 when the VN-Index recorded its steepest decline since the 2008 financial crisis. The peak of the VN-Index was 1,536, 45 points were set in January 2022 while the bottom was 873.78 points in November 2022. That means the index dropped 43% from the peak.
In that context, SSI could not avoid the disadvantages of the business environment, but with the flexibility to adapt to the external environment, the securities firm achieved positive results. In 2022, net revenue reached nearly VND 6,517 billion, and consolidated pre-tax profit reached VND 2,110 billion.
In 2023, the global banking market underwent failure events with the consequences of a number of bond cases made investors lose a lot of confidence in the market. In that context, SSI constantly strived to connect partners and investors to investment opportunities on the stock market, contributing to the formation of an effective medium and long-term capital channel for the economy.
The Board of Directors of the Company has planned a 2023 consolidated revenue of VND 6,917 billion, while consolidated pre-tax profit reached VND 2,540 billion. By the end of the first quarter of 2023, the consolidated revenue reached VND 1,500 billion; consolidated pre-tax profit at VND 610 billion (24% of the plan).
Along with that, the General Meeting also approved the profit distribution plan for 2022 with the rate of dividend payment to shareholders at the rate of 10% in cash (VND 1,000 /share). The total amount expected for dividend payment is more than VND 1,500 billion.