Korea Capital Posts Q1 Net Profit of 11.5 Billion Won... "Quarterly Earnings Exceed Triple Digits"

[Asia Economy Reporter Jang Hyowon] Hankook Capital has announced that it will continue its growth trend for the fourth consecutive year by posting strong performance from the first quarter.

On the 14th, Hankook Capital revealed that its operating profit for the first quarter of this year reached 16.1 billion KRW, marking a 69.8% increase compared to the same period last year. Quarterly net profit rose by 61.5% to 11.5 billion KRW.

This is the highest quarterly net profit since 2000, with first-quarter results increasing year-over-year since 2017.

A company representative stated, “We achieved significant growth compared to last year through continuous growth in existing businesses and the full-scale launch of new businesses,” adding, “Since our credit rating was upgraded by one notch last year, our performance growth rate has accelerated.”

The asset size also grew substantially. As of the first quarter, Hankook Capital’s total assets amounted to 2.8099 trillion KRW, an increase of 444.5 billion KRW (18.8%) compared to the same period last year.

The company representative said, “Despite expanding new businesses, the delinquency rate over one month, a key safety indicator, remains at a record low of 1.2%,” and added, “We are achieving profit growth while managing assets safely.”

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