DNSE Joint Stock Company announces the Q1 2024 Financial Statements.

  • Operating revenue for Q1 2024 increased by more than 31 billion VND, equivalent to a 21% increase compared to the same period in 2023. The revenue growth was primarily driven by a 19.6 billion VND (158%) increase in revenue from securities brokerage services. Additionally, income from held-to-maturity (HTM) investments increased by 4.7 billion VND, equivalent to a 9% increase compared to the same period last year.
  • Operating expenses decreased by 27.8 billion VND, equivalent to a 36% decrease compared to the same period in 2023. The decrease was mainly due to a reduction in provisions for financial assets, the handling of bad debts, impairments of financial assets, and a 37.6 billion VND (78%) reduction in borrowing costs. Losses from financial assets measured at fair value through profit or loss (FVTPL) decreased by 11.4 billion VND, equivalent to a 155% decrease compared to the same period last year.
  • Administrative expenses increased by 17.4 billion VND, equivalent to a 93% increase compared to Q1 2023.
  • With strong revenue growth and reduced operating expenses, net profit after corporate income tax for Q1 2024 increased by 30.7 billion VND, equivalent to a 78% increase compared to the same period in 2023.

Please see the attached files for details.