Shinhan Investment & Securities said net income for the third quarter of this year (July–September) was 100.5 billion won, up 141% from a year earlier.
Shinhan Financial Group disclosed on the 28th that its subsidiary Shinhan Investment & Securities posted operating profit of 144.1 billion won and net income of 100.5 billion won in the third quarter of this year. The figures rose 42.8% and 141.2%, respectively, from a year earlier.
Shinhan Financial Group said net income increased year over year as gains from proprietary trading and stock brokerage commission revenue grew while selling, general, and administrative expenses remained at last year's level.
However, net income fell 33.5% from the previous quarter. Although domestic and overseas stock brokerage commission revenue improved, profit from bond operations declined due to rising market interest rates.