Hanoi Stock Exchange earns record profit in 2020
In this article (5)
The Hanoi Stock Exchange (HNX) posted VND399 billion ($17.3 million) in 2020 post-tax profit, a year-on-year increase of 28 percent.
Its revenue rose 32 percent year-on-year to VND733 billion, 87 percent of which was from transaction charges.
The exchange attributes its highest-ever revenue and post-tax profit earnings to the rise in corporate bonds issuance.
According to HNX data, 2,408 corporate bond issues were registered last year, 92.5 percent of them successful. The value of bonds successfully issued by corporates in 2020 jumped 36 percent year-on-year to VND403.4 trillion.
The exchange’s total assets were valued at VND1.35 trillion at end of 2020, up 6 percent year-on-year.
Questions & Answers
Q.What was the total revenue for the Hanoi Stock Exchange in 2020?
What was the total revenue for the Hanoi Stock Exchange in 2020?
The Hanoi Stock Exchange's total revenue in 2020 was VND733 billion, which represents a 32 percent increase compared to the previous year. A significant 87 percent of this revenue originated from transaction charges.
Q.What contributed to the Hanoi Stock Exchange's record profit and revenue in 2020?
What contributed to the Hanoi Stock Exchange's record profit and revenue in 2020?
The exchange attributes its highest-ever revenue and post-tax profit earnings to an increase in corporate bond issuance. There were 2,408 corporate bond issues registered last year.
Q.By how much did the value of successfully issued corporate bonds increase in 2020?
By how much did the value of successfully issued corporate bonds increase in 2020?
The value of bonds successfully issued by corporates in 2020 jumped 36 percent year-on-year. This amounted to a total of VND403.4 trillion in successfully issued corporate bonds.
Q.What was the total value of the Hanoi Stock Exchange's assets at the end of 2020?
What was the total value of the Hanoi Stock Exchange's assets at the end of 2020?
At the close of 2020, the Hanoi Stock Exchange’s total assets were valued at VND1.35 trillion. This figure indicates a 6 percent increase compared to the previous year.
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