NH Investment & Securities Achieves Record High Performance... Last Year's Net Profit of 476.4 Billion KRW
[Asia Economy Reporter Geum Bo-ryeong] NH Investment & Securities has achieved record-high performance.
NH Investment & Securities announced on the 30th that it recorded a pre-tax profit of 633.2 billion KRW and a net profit of 476.4 billion KRW last year. These figures represent increases of 25.4% and 31.8% respectively compared to the previous year, marking the highest performance in its history.
The Wealth Management (WM) division secured a long-term customer base by adopting a value-in-process evaluation method.
The Investment Banking (IB) division posted record-high earnings with overwhelming competitiveness. It conducted a total of 16 initial public offering (IPO) deals annually, including Hanwha Systems and Zinus, and arranged rights offerings for companies such as Doosan Heavy Industries & Construction and Doosan Engineering & Construction.
The Trading division showed a 55.2% growth in operating-related income compared to the previous year, despite fluctuations in domestic and international stock and bond markets.
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An NH Investment & Securities official said, "We plan to lead the industry based on synergy with NH Nonghyup Financial Group and overwhelming IB competitiveness," adding, "We will focus on maintaining a stable and balanced business portfolio."
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