Samsung Securities Q3 Operating Profit 316.9 Billion KRW... "Highest Quarterly Record"

[Asia Economy Reporter Yoo Hyun-seok] Samsung Securities announced on the 13th that its operating profit for the third quarter increased by 165% year-on-year to 316.9 billion KRW. This is the highest quarterly performance ever, surpassing 180 billion KRW in the first quarter of 2018.

Revenue reached 1.5958 trillion KRW, up 4.9% from the third quarter of last year, and net profit for the period increased by 163% to 233.7 billion KRW.

Samsung Securities explained, "The WM (Wealth Management) business showed steady growth across all sectors, and the IB division also saw a significant increase in underwriting and advisory fee income based on the revitalization of ECM (Equity Capital Market) and acquisition financing."

Retail customer deposits saw a new inflow of 12 trillion KRW in the third quarter alone, reaching a total of 228 trillion KRW. The number of individual customers with more than 100 million KRW increased to 150,000, and those with more than 3 billion KRW rose to 2,577.

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