Meritz Securities posted a net profit of 254.3 billion won in the first quarter of this year.
On the 14th, according to the financial investment industry, Meritz Securities' first-quarter sales on a consolidation basis came to 12.8657 trillion won, with operating profit of 255.6 billion won. That was up 147.6% and 72.5%, respectively, from a year earlier. Net profit also rose 35.7% over the same period.
Meritz Securities said that for this performance, all business lines—including investment banking (IB), asset management, and retail—grew evenly, while profitability at its subsidiary capital unit improved.
In particular, deal performance in the IB institutional sector was solid, and growth was driven by increased gains from investments in marketable securities and expanded dividends revenue in the asset management institutional sector. The retail institutional sector also added new customers and increased custody assets.
A Meritz Securities official said, "We will continue to solidify a stable revenue structure through thorough risk management and portfolio diversification."