KB Securities recorded a net income of 342.4 billion won on a consolidated basis for the first half of the year. This represents a 9.8% decrease compared to the same period last year.
On the 24th, KB Financial announced that KB Securities achieved an operating income of 442.7 billion won and a net income of 342.4 billion won on a consolidated basis for the first half of the year. This is a decrease of 10.9% and 9.8%, respectively, compared to the same period last year.
When looking solely at the second quarter (April to June) of this year, the operating income on a consolidated basis is 218 billion won and the net income is 160.7 billion won. Compared to the same period last year, operating income decreased by 10% and net income by 11%. Revenue increased by 41.5% year-on-year to 3.2165 trillion won.
KB Securities noted that the net income slightly decreased compared to the same period last year due to the proactive provisioning for real estate project financing assets to enhance asset soundness.
However, KB Securities explained that the asset management (WM) segment continues to experience qualitative and quantitative growth, surpassing 76 trillion won in assets.
A representative from KB Securities said that overall performance improvement in individual customer pension assets has been observed through enhanced non-face-to-face customer management, such as personalized consultations at the Pension Asset Management Center.
Additionally, it was explained that they achieved satisfactory results in the corporate finance (IB) sector. KB Securities completed a total of seven listings in the first half of the year, including the handling of the initial public offering (IPO) for LG CNS.