Hanyang Securities Reports Operating Profit of 71.9 Billion KRW in First Half, Up 159% YoY

Net Profit of 50.3 Billion KRW in First Half... Surpasses Last Year's Total Net Profit

[Asia Economy Reporter Gong Byung-sun] Hanyang Securities announced on the 17th that its operating profit for the first half of this year reached 71.9 billion KRW, a 159% increase compared to the same period last year.

On the same day, Hanyang Securities disclosed its first half performance including this information and announced that it showed an earnings surprise.

The net profit for the first half of this year was 50.3 billion KRW, a 152% increase compared to the same period last year. This surpasses last year's total net profit of 45.9 billion KRW, and it is expected to record the highest performance since the company's founding this year.

Operating revenue increased by 86% during the same period to 435.6 billion KRW. The cumulative return on equity (ROE) for the first half was 27%, nearly double last year's annual 14%.

All business divisions showed excellent performance. Despite stock market volatility due to COVID-19, operating revenue from the proprietary trading division increased by 84% compared to the same period last year. This is interpreted as a result of proactive response, strategic trading, and thorough risk management.

Operating revenue from the corporate finance division, including real estate project financing (PF), recorded 78.7 billion KRW, a 118% increase during the same period. Operating revenue from the brokerage division was 8.7 billion KRW, a 32% increase during the same period.

Im Jae-taek, CEO of Hanyang Securities, stated, “In the first half of this year, we achieved healthy growth both in content and results,” and added, “We have also established growth momentum for a greater leap forward.”

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