Ho Chi Minh City Securities Corporation (HSC, HOSE: HCM) would like to announce the financial performance in Q4.2021 and accumulative FY2021 with positive results exceeding the yearly plan.

Q4. 2021, HSC achieved VND957 billion in revenue, VND279 billion in before-tax profit, increased 86% and 63% respectively compared to Q4.2020.

Accumulative FY2021, HSC achieved a total revenue of VND3,368 billion, increased 112% y-o-y, exceeded 26% yearly plan. HSC’s cumulative profit before tax for FY2021 reached VND1,430 billion, strongly increased 117% compared to same period last year, exceeded 19% yearly target (approved at AGM in April 2021). 
For FY2021, HSC achieved earning per share (EPS) of VND3,706. The return on equity (ROE) ratios achieved 23.8%.

Performance

(*) Revenue and expenses of the 2 periods are recorded to reduce the losses of proprietary investment activities for comparison purposes.

Accordingly, three key businesses: brokerage, margin lending and proprietary investment contributed 98% of total net revenue in FY 2021
•    Brokerage services accounted for 41% of HSC's total revenue, reaching more than VND1,390 billion, strongly increased 124% comparing to the same period of 2020 and exceeded 34% yearly plan.
•    Revenue from margin lending activities completed 121% yearly plan, reached VND1,179 billion, an increase of 114% over the same period and accounting for 35% of total revenue.
•    Proprietary investment achieved VND722 billion in revenue, increased 95% y-o-y and contributed 22% to HSC's FY2021 revenue. 
•    Revenue from corporate financial advisory recorded VND46.5 billion, increased 23% y-o-y. However, due to the timing of revenue recognition, the reported revenue in accounting period usually does not fully reflect corporate financial advisory business performance.

Revenue structure

Please access here for FY2021 Financial Statement