Ho Chi Minh City Securities Corporation (HSC, HOSE: HCM) would like to announce the financial performance in Q3.2020 and accumulative 9 months of 2020.

Q3. 2020, HSC achieved more than VND 398 billion in revenue, VND 142 billion in after-tax profit, increased 21% and 26% respectively compared to Q3.2019.

Accumulative 9M2020, HSC achieved a total revenue of VND1,077 billion, increased 16% over the same period last year, finishing 83% of target. HSC’s cumulative profit after tax for 9M2020 reached VND393 billion, increased by 29% same period last year, completed 87% yearly target (as approved at AGM in June 2020).

After the first 9 months, HSC achieved earning per share (EPS) of VND1,228. The return on asset (ROA) and return on equity (ROE) ratios were 4.6% and 12% respectively.

(*) Revenue and expenses of the 2 periods are recorded to reduce the losses of proprietary investment activities, respectively VND 324 billion in 9M2020 and VND 226 billion in 9M2019 (Item 2.1 in the Financial Statement) for comparison purposes.

Accordingly, three key businesses: brokerage, margin lending and proprietary investment contributed 96% of total net revenue in the first 9 months of 2020

• Brokerage services accounted for 38% of HSC's total revenue, reaching VND407 billion, increased 14% comparing to the same period of 2019.
• Revenue from margin lending activities reached VND 358 billion, slight decreased 6% over the same period and accounting for 33% of HSC's total revenue.
• Proprietary investment achieved positive results with revenue of VND266 billion, doubled y-o-y and contributed 25% to HSC's 9M2020 revenue.
• Revenue from corporate financial advisory was VND35 billion, decreased 25% 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.