Hanyang Securities reported a net profit of 39.4 billion won for 2024 on the 14th. This is a 12.3% increase from the same period last year. The company has maintained double-digit percentage growth in net profit for three consecutive years.
Hanyang Securities also noted that its operating profit for 2024 was 54.8 billion won, marking a rise of over 10% for three consecutive years. However, the company's revenue (operating income) for 2024 is estimated at 833.1 billion won, a 16.6% decrease from the same period last year.
By institutional sector, the bond sector saw an increase in operating results through flexible responses to market volatility. The investment banking (IB) sector recorded strong results through increased issuance of private bonds and new capital securities, as well as representation in and acquisition of transactions in the debt capital markets (DCM) and equity capital markets (ECM). The trading sector generated revenue by efficiently responding to drastic fluctuations in various industries. In the real estate project financing (PF) sector, there has been a recovery, as reflected in a turnaround in performance in the second quarter of last year, due to increased transactions in the new department.
Hanyang Securities emphasized that it has lowered the real estate PF contingent liability ratio to the lowest level in the industry. A representative from Hanyang Securities said, "We built a repayment structure that is manageable within predictable risk limits and focused on managing it, while reducing risk to individual business sites through diversified investments."
Im Jae-taek, CEO of Hanyang Securities, noted, "Even during tough times across the industry, Hanyang Securities attempted to differentiate itself from competitors through a contrarian strategy and achieved over 10% growth in operating profit for three consecutive years," adding, "The competitiveness of Hanyang Securities has been accumulated through challenges that do not succumb to adversity, which is very significant."
CEO Im was named President of DAOL Investment & Securities but later reversed that decision and decided to remain at Hanyang Securities.