MERITZ Securities said it recorded a consolidated operating profit of 300.3 billion won and a net profit of 256.1 billion won for the second quarter (April to June) of this year on the 13th. Operating profit decreased by 13.2% compared to the same period last year, but net profit increased by 5.2%.
MERITZ Securities explained that due to this second quarter performance, it has recorded a net profit of over 100 billion won for 30 consecutive quarters since the first quarter of 2018.
MERITZ Securities' net profit for the first half of this year is 443.5 billion won, an increase of 19.9% compared to the same period last year. A representative of MERITZ Securities noted, "Despite uncertainties both at home and abroad, including the United States' tariff policy, we achieved balanced performance across all business sectors through efficient capital execution and proactive market responses."
By institutional sector, the financial balance sector improved its performance based on high-quality assets. The asset management (Trading) sector also continued to see an increase in revenue with the growth of managed assets. The wealth management (WM) sector experienced performance growth thanks to an increase in the number of clients and deposit assets.
MERITZ Securities' managed asset size at the end of the second quarter of this year was 41.4 trillion won, an increase of 8.7 trillion won compared to the same period last year. During the same period, client deposit assets surged from 24.3 trillion won to 35.4 trillion won, an increase of 11.2 trillion won.