2 2 Financial Highlights 2 2 1 Revenue and Profit As mentioned, VNDIRECT has had a remarkable 2021 with an upsurge in operating revenue (VND 2,135 billion in 2020 and VND 6,039 billion in 2021) as eve.
2.2 Financial Highlights: 2.2.1 Revenue and Profit: As mentioned, VNDIRECT has had a remarkable 2021 with an upsurge in operating revenue (VND 2,135 billion in 2020 and VND 6,039 billion in 2021) as every element in operating revenue in the income statement showed remarkable increase When considering the proportion of revenue contribution of the main business activities to the 2021 overall revenue, we can see that, except for the investment part, which experienced a decrease, the other three main activities all contributed a higher share of revenue to the company More specifically, the company shows its strength in the individual customer segment with the massive rise in brokerage and loans and receivables (financial services) revenues, which accounted for 33% and 24% respectively in 2021 However, an interesting thing to be noticed is the underwriting and securities issuance agency service Even though it can be argued that 2021 was the year of serious transformation in the investment banking segment and the revenue from the most prominent investment banking activity, underwriting and securities issuance agency service, increased substantially by VND 220 billion, to VND 255 billion in 2021, the figure shows that it only contributed 5% to the overall revenue This poses a challenge for the company in 2022 as to raise the contribution of this segment to the general revenue and make the company to be a comprehensive securities corporation Figure 2.1: VNDIRECT Structure of Operating revenue in 2020 an 20201