Ho Chi Minh City Securities Corporation (HSC, HOSE: HCM) would like to announce the financial performance in Q2.2020 and accumulative first half of 2020.

Q2. 2020, HSC achieved more than VND 374 billion in revenue, VND 150 billion in after-tax profit, increased 13% and 36% respectively compared to Q2.2019.

Accumulative 1H2020, HSC achieved a total revenue of VND679 billion, increased 13% over the same period last year, reaching 52% target. HSC’s cumulative profit after tax for 1H2020 reached VND251 billion, increased by 30% same period last year, completed 55% yearly target (approved at AGM in June 2020).

After the first six months, HSC achieved earning per share (EPS) of VND822. The return on asset (ROA) and return on equity (ROE) ratios were 3.5% and 5.8% respectively.

(*) Revenue and expenses of the 2 periods are recorded to reduce the losses of proprietary investment activities, respectively VND 208 billion in 6M2020 and VND 166 billion in 6M2019 (Item 21 in the Financial Statement) for comparison purposes. 

Accordingly, three key businesses: brokerage, margin lending and proprietary investment contributed 98% of total net revenue in the first 6 months of 2020

• Brokerage services accounted for 38% of HSC's total revenue, reaching VND258 billion, increased 7% comparing to the same period of 2019.
• Revenue from margin lending activities reached VND 222 billion, slight decreased 8% over the same period and accounting for 39\3% of HSC's total revenue.
• Proprietary investment achieved positive results with revenue of VND189 billion, increased 145% y-o-y and contributed 28% to HSC's 1H2020 revenue. Same period last year, revenue from Proprietary investment just contributed 13% to total revenue.
• Revenue from corporate financial advisory was VND3,7 billion, decreased 89% over the same period last year. However, due to the timing of revenue recognition, the reported revenue in accounting period usually does not fully reflect corporate financial advisory business performance.