NH Investment & Securities Reports Q3 Net Profit of 239.6 Billion KRW... Achieves 'Record High'

[Asia Economy Reporter Geum Bo-ryeong] NH Investment & Securities recorded a net profit of 239.6 billion KRW in the third quarter, achieving the highest quarterly net profit in its history.

NH Investment & Securities announced on the 27th that its consolidated net profit for the third quarter of this year was preliminarily estimated at 239.69 billion KRW, a 197% increase compared to the previous year. This is the highest quarterly net profit ever recorded.

The cumulative net profit for the third quarter reached 501.242 billion KRW, surpassing last year's annual net profit of 476.4 billion KRW.

Operating profit increased by 201.3% to 353.673 billion KRW. On the other hand, sales revenue decreased by 44.6% to 1.72607 trillion KRW.

An NH Investment & Securities official explained, "The brokerage business drove performance due to increased stock market trading volume and active overseas stock trading in the third quarter," adding, "Despite the economic downturn in the third quarter, the investment banking (IB) division contributed to performance growth through improvements in the bond issuance (DCM) market and large-scale deals in the equity issuance (ECM) market."

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