SSI targets 15% growth in profit this year

SSI targets pre-tax profit of VND 1.615 trillion this year. — Photo

Saigon Securities Inc (SSI) targets a total revenue of VND3.41 trillion (US$150 million) and pre-tax profit of VND1.615 trillion this year.

This marks a year-on-year increase of 12 per cent and 15 per cent, respectively.

The information was revealed in the company’s business plan for 2018.

The annual shareholders’ meeting of SSI will be held on April 20 in HCM City.

At this meeting, the Board of Directors will submit reports on business results, financial statements and profit distribution plan in 2017, approve the chairman of the board of directors and general director in 2018, elect an additional member of the supervisory board and change the company’s name.

In 2017, SSI recorded a revenue of over VND3.04 trillion, up 19.8 per cent compared to 2016 and surpassing 44.35 per cent of the plan. The pre-tax profit reached more than VND1.4 trillion, up 23 per cent and exceeding 32.8 per cent of the plan. — VNS