Woori Investment & Securities posted a net profit of 14 billion won in the first quarter of this year.
According to the Financial Supervisory Service's electronic disclosure system on the 24th, Woori Investment & Securities' first-quarter net profit this year was 14 billion won, up 976.9% from a year earlier. Operating profit came to 16.6 billion won, matching last year's full-year performance in just the first quarter.
The improvement reflects a shift toward non-interest income at the center of the revenue structure. Non-interest income jumped 173.3% from a year earlier to 41.4 billion won. Of that, IB-related fees rose 249% to 17.1 billion won, and gains related to marketable securities increased 151% to 24.3 billion won.
A Woori Investment & Securities official said, "Within one year of launching securities operations, the company is emerging as a full-service securities firm on the back of solid top-line growth and a revenue structure centered on non-interest income."