Rong Viet Securities sees profits zoom

[bdshacinco]

Rong Viet Securities Company has reported a 157 per cent jump in pre-tax profit to VND30.1 billion (US$1.3 million) in the first quarter. Revenues rose by a more modest 62 per cent to VND63.3 billion ($2.8 billion).
The company said security broking accounted for VND33.5 billion ($1.4 million) of revenues with proprietary investment also accounting for a large chunk of its profits.
The company said it is on track to achieve the year’s targets.
It said would pay 6 per cent dividend for last year in May this year.
By the end of this month it would switch from the Ha Noi to the HCM City stock market, it added.

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