Daishin Securities Reports Q3 Operating Profit of 90 Billion KRW, Up 2547% Year-on-Year
[Asia Economy Reporter Dongwoo Lee] Daishin Securities announced on the 16th that it recorded an operating profit of 90 billion KRW in the third quarter of 2020. This represents a 2,547% increase compared to the same period last year.
Net profit for the same period rose 844% to 71.8 billion KRW. The company explained that the strong performance in the retail sector, driven by an increase in average daily trading volume, contributed to the overall rise in operating profit.
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A Daishin Securities official stated, "Investment banking (IB) results, including initial public offerings (IPO) and project financing (PF), also improved," adding, "Stable earnings from subsidiaries such as Daishin F&I and savings banks positively impacted the strong performance."
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