AsemconnectVietnam - Thanh Cong Securities Joint Stock Company (TCI – UPCoM) has just announced its separate financial statements for the fourth quarter of 2023 and accumulated for the whole year.

Accordingly, in the fourth quarter of 2023, the Company recorded a total revenue of VND33.96 billion, down 34.6% compared to the same period last year, of which margin lending revenue accounted for the largest proportion of 61% 84%, reaching approximately VND21 billion, an increase of 51.3% over the same period; while brokerage revenue decreased by 13.4%, reaching VND6.23 billion.
However, thanks to a sharp decrease in total costs of 78.4%, from VND114.2 billion in the fourth quarter of 2022 to VND24.61 billion in the fourth quarter of 2024, of which the sharpest decrease is financial costs from level from VND76.79 billion to VND3.55 billion, corresponding to a decrease of 95.4%, because in the fourth quarter of 2022, the Company recorded provision costs for investments in subsidiaries of up to VND76 billion.
As a result, parent company TCI recorded a profit after tax for the period of nearly VND8 billion, while the fourth quarter of 2022 lost more than VND50.3 billion.
Cumulatively for the whole year 2023, TCI's total revenue will reach VND140.52 billion, down 33.79% compared to the previous year; However, thanks to increased financial revenue while expenses decreased sharply, profit after tax reached VND51.54 billion, more than 3 times higher than the previous year.
On January 12, TCI shares had their last trading session on UPCoM after more than 5 years of being listed, closing at VND13,500/share, nearly doubling in about 1 year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan