Hanwha Investment & Securities posted a net profit of 19.1 billion won in the first quarter this year.
On the 12th, according to the financial investment industry, Hanwha Investment & Securities' first-quarter results on a consolidation basis were provisionally tallied at 1.6593 trillion won in revenue and 26.94 billion won in operating profit. Revenue rose 98.3% from a year earlier, while operating profit fell 37.1%. Net profit increased 35.9% over the same period.
Hanwha Investment & Securities said it succeeded in improving results as risk appetite expanded in line with a boom in the domestic stock market and a favorable market environment formed with growth in advanced industries such as artificial intelligence (AI) and semiconductors.
In particular, it explained that improved performance in the wealth management (WM) and institutional sales divisions contributed to expanding the overall revenue base.
A Hanwha Investment & Securities official said, "We will connect traditional finance and digital finance to create differentiated value, and based on the vision of a 'global No. 1 real-world asset (RWA) hub,' we plan to continuously strengthen our competitiveness as a digital asset specialist securities firm."