DSC Securities Corporation (stock code: DSC) has published its Q1/2025 financial statements, becoming the first company in the securities sector to reveal its financial figures for the year. DSC reported a 2% decrease in operating revenue compared to the same period last year, reaching 131 billion VND. Profit from proprietary trading also fell by 4%, totaling 44 billion VND, while the profit from HTM investments dropped sharply by 51% to 3 billion VND. Conversely, profit from lending and receivables rose by 20% to 57 billion VND. Brokerage revenue decreased by 41% to 20 billion VND. Operating expenses were reduced by 29% to 25 billion VND, enabling DSC to report a pre-tax profit of 67 billion VND, down 10% year-on-year. DSC has achieved 23% of its revenue target and 26% of its profit target for the year 2025, aiming for a total revenue of 566.4 billion VND and a profit of 260.2 billion VND. By the end of Q1, the market value of the FVTPL item stood at nearly 2,296 billion VND, decreasing by 484 billion from the start of the year. DSC also highlighted the impact of U.S. tax policy on foreign direct investment into Vietnam and the stock market situation.
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