DB Securities logo. /Courtesy of DB Securities

DB Securities said on the 10th that last year's net income on a consolidation basis was an estimated 95.5 billion won. That was up 80.3% from a year earlier.

Operating profit and revenue for the same period rose 88.7% and 45.8%, respectively, to 116.7 billion won and 1.922 trillion won.

DB Securities noted that although results in the bond segment worsened in the second half of last year due to rising interest rates, it improved profitability by steadily advancing a PIB (private banking PB + investment banking IB) linked business model.

A DB Securities official said, "Performance recoveries at consolidated subsidiaries such as savings banks and asset management also lifted overall results," adding, "We will continue working to sustain growth this year, and we plan to faithfully carry out shareholder returns in line with our plan to enhance corporate value based on improved results."

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