SHS shares banned from margin trading starting August 23

HÀ NỘI — The Saigon - Hanoi Securities JSC (SHS)'s shares are not allowed to perform margin trading due to negative profit after tax in the first six months of  二0 二 二 after being reviewed by AASC Auditing Firm, according to the Hà Nội Stock Exchange (HNX).

The decision will take effect on August  二 三.

Previously, AASC announced that SHS's semi-annual audited financial statement has some changes compared to the self-made report of the second quarter, with the profit after tax changing from positive to negative.

Specifically, in the reviewed financial statements, the company's first half profit after tax was negative VNĐ 六 八. 二 billion (US$ 二. 九 million), while the original financial statements posted a profit of nearly VNĐ 三 三 四 billion. Therefore, during the period, its profit after tax declined by VNĐ 六 四 九 billion compared to the same period of VNĐ 五 八0. 八 billion.

SHS Securities explained that the operating revenue increased by  二. 一 per cent from VNĐ 六 二 一. 四 billion to VNĐ 六 三 四. 二 billion, but operating expenses jumped  三 一. 九 per cent from VNĐ 四 三 三. 八 billion to VNĐ 五 七 二. 二 billion. 

SHS Securities also said that the stock market in the first six months of this year was unexpectedly negative, leading to difficulties in the proprietary trading segment and causing a loss in profit after tax. 

On the stock market, SHS shares were traded at VNĐ 一 三, 六00 a share on Monday, down  七. 四 八 per cent. VNS