Kyobo Securities recorded a net profit of 51.7 billion won in the first quarter (January to March) of this year. This represents a 61% increase compared to the first quarter of last year.
On the 15th, Kyobo Securities reported an operating profit of 67.1 billion won and a net profit of 51.7 billion won for the first quarter of this year. Compared to the same period last year, the operating profit increased by 67% and the net profit increased by 61%.
According to Kyobo Securities, factors contributing to the improvement in profitability in the first quarter include increased revenue from bond management and trading, expansion of new project finance deals with excellent business potential, and an increase in commission revenue from overseas derivatives.