AsemconnectVietnam - Bao Viet Securities Joint Stock Company (code BVS – HNX) approved the 2022 dividend payment plan, expected payment time is October 20, 2023.

Bao Viet Securities said that on October 9, it will finalize the list of shareholders to pay 2022 dividends in cash at a rate of 10%, corresponding to shareholders owning 1 share will receive VND1,000 and expected payment time is October 20,2023.
With 72.2 million outstanding shares, it is estimated that Bao Viet Securities will pay a total of about VND72.2 billion in this dividend payment.
In terms of business activities, in the second quarter of 2023, Bao Viet Securities recorded total revenue of VND237.29 billion, an increase of 1.2% over the same period and profit after tax recorded VND79.31 billion, increased 403.9% over the same period last year.
During the period, total costs decreased by 45.1% over the same period, corresponding to a decrease of VND72.15 billion, to VND87.79 billion; Financial revenue decreased by 54.5%, equivalent to a decrease of VND12.34 billion, to VND10.29 billion; Total financial costs decreased by 17.1%, equivalent to a decrease of VND6.62 billion, to VND32.14 billion; Management costs decreased by 18%, equivalent to a decrease of VND6.95 billion, to VND31.66 billion.
In the total revenue structure, profits from financial assets recorded through profit/loss (FVTPL) recorded an increase of 69.3%, corresponding to an increase of VND18.28 billion, to VND44.64 billion; Profit from held-to-maturity (HTM) investments recorded an increase of 58.7%, equivalent to an increase of VND8.16 billion, to VND22.06 billion; Interest from loans and receivables decreased by 9.6%, equivalent to a decrease of VND10.13 billion, to VND95.71 billion; Securities brokerage revenue decreased by 10.6%, equivalent to a decrease of VND8.47 billion, to VND71.77 billion...
Thus, in the second quarter of 2023, proprietary trading activities contributed positively, brokerage and margin lending activities have not yet grown again.
In terms of cost structure in the second quarter, losses on financial assets recorded through profit/loss (FVTPL) decreased by 76% over the same period, corresponding to a decrease of VND59.87 billion, to VND18.9 billion; Brokerage costs increased slightly by 1.8%, equivalent to an increase of VND0.98 billion, to VND55.79 billion...
Explaining the profit growth in the second quarter of 2023, Bao Viet Securities said that due to revenue from reduced differences in revaluation of FVTPL financial assets, it increased by VND21.5 billion (1,763%) over the same period, while costs from differences in revaluation of FVTPL financial assets decreased by VND51.5 billion (down 95.9%).
Cumulatively in the first half of 2023, Bao Viet Securities recorded total revenue of VND375.09 billion, down 22.5% over the same period and profit after tax recorded VND106.6 billion, up 66.3% compared to implementation in 2022.
In 2023, Bao Viet Securities approved a plan for total revenue of VND768.5 billion and after-tax profit of VND155.7 billion. Thus, by the end of the first half of 2023, Bao Viet Securities completed 68.5% of the year's profit plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan