[Featured Stock] KTB Investment & Securities Rises Over 5% on Record High Earnings Last Year

[Asia Economy Reporter Eunmo Koo] KTB Investment & Securities is showing strong performance, rising more than 5% in early trading. The news of achieving record-high earnings last year appears to be influencing this trend.

As of 9:42 AM on the 6th, KTB Investment & Securities was trading at 2,420 KRW, up 5.68% (130 KRW) from the previous trading day.

KTB Investment & Securities announced the day before that its consolidated sales for last year reached 381 billion KRW, with an operating profit of 37.3 billion KRW. These figures represent increases of 6.2% and 0.4%, respectively, compared to the previous year. In contrast, net profit saw a significant rise, reaching 50.1 billion KRW, up 45.7% year-over-year. Surpassing 50 billion KRW in net profit is the first time since the company transitioned to a securities firm in 2008 and marks the highest level ever.

The upward trend was attributed mainly to domestic and international real estate and overseas alternative investment sectors. KTB Investment & Securities has maintained solid performance in the domestic real estate finance sector for several years. Additionally, it strengthened its overseas alternative investment portfolio with acquisitions such as a logistics facility in Dublin, Ireland (approximately 200 billion KRW), and investment in the TI Center building in Vienna, Austria (390 billion KRW). In January last year, the company also entered the over-the-counter derivatives market, securing new sources of revenue.

This content was produced with the assistance of AI translation services.