Hana Financial Group's headquarters located in Yeouido, Seoul. /Courtesy of News1

Hana Securities noted on the 25th that its consolidated net profit for the first quarter of this year reached 75.3 billion won. Compared to the same period last year, this represents a decrease of 16.2%, but it is an increase of 73.9% compared to the previous quarter.

During the same period, sales and operating profit recorded 3.6491 trillion won and 95.8 billion won, decreasing 5.9% and 12.2%, respectively, compared to the previous year. In terms of operating profit, it turned to a profit compared to a loss of 53.8 billion won in the fourth quarter of last year.

A representative from Hana Securities explained that the asset management (WM) institutional sector has strengthened client-centered asset management and the competitiveness of overseas stock content, while the corporate finance (IB) institutional sector is actively managing its assets by expanding its acquisition finance business.

A representative from Hana Securities said, "The sales and trading (S&T) institutional sector has built proactive positions to respond to market volatility, thereby increasing operating income," and added, "We will strive to secure stable growth momentum."

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