Yuanta Securities Korea posted a net profit of 68 billion won in the first quarter of this year.
On the 14th, according to the financial investment industry, Yuanta Securities Korea's first-quarter sales (operating revenue) on a consolidation basis came to 1.7233 trillion won, and operating profit was 72.8 billion won. That was up 125.7% and 464.1%, respectively, from a year earlier. Net profit also increased 643.0% in the same period.
The company said it achieved its best-ever quarterly results as brokerage (commission trading) capabilities in the retail and wholesale business institutional sectors improved on the back of a favorable stock market environment.
Financial product revenue also increased. According to Yuanta Securities Korea, financial product revenue rose 189% from a year earlier, and fund sales performance also increased 63% from a year earlier. The asset management institutional sector delivered strong results in mezzanine and arbitrage as the rising stock market improved the operating environment.
In the investment banking institutional sector, the company also completed five deals in the first quarter by targeting small and mid-sized transactions. In the debt capital market (DCM), it returned to the black from a year earlier on the back of performance in public and private bonds and structured finance deals.