Viet Dragon Stock (VDS) has announced the business results of the first quarter of 2017 with the outstanding growth in both revenue and profit due to positive movements of the stock market.
Specifically, revenue and profit before tax were VND63.3 billion (+ 62.2% y / y) and VND30.09 billion (+ 157% y / y) respectively.
The biggest proportion was the revenue from stock services (VND 33.5 billion). Next one is the revenue from brokerage activities, revenue from investment activities and revenue from investment banking.
Particularly, the investment banking sector has made good progress through contracts with major partners contributing to this segment. Typically, VDS has successfully distributed as well as held a Kido Frozen Food (KDF) stock offering introduction at the end of March.
By the end of Q1, VDS has completed 20.58% of its revenue target and achieved 30.09% of its full-year target for 2017.
VDS has currently listed 70 million shares on HNX. The stock market is planning to move to HOSE this year.
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