Daol Investment & Securities Reports Operating Profit of 119.4 Billion KRW in H1... Highest Half-Year Performance Ever

[Asia Economy Reporter Kwon Jae-hee] Daol Investment & Securities announced on the 16th that its consolidated operating profit for the first half of the year increased by 47.6% year-on-year to 119.4 billion KRW.

Net profit rose by 3.2% during the same period to 95.7 billion KRW.

Both operating profit and net profit marked the highest performance since the company transitioned to a securities firm.

Daol Investment & Securities stated, "We improved our performance through strengthened risk management and quality growth by discovering excellent deals," adding, "The IB (Investment Banking) division enhanced results through portfolio diversification and expansion of revenue sources."

They further noted, "This achievement is even more meaningful given the expanding market uncertainties such as inflation and interest rate hikes."

Among affiliated companies, Daol Savings Bank recorded an operating profit of 51.1 billion KRW and a net profit of 39.6 billion KRW, while Daol Asset Management posted an operating profit of 10.2 billion KRW and a net profit of 8.2 billion KRW.

A representative from Daol Investment & Securities said, "We plan to respond to market risks with a conservative approach in the second half of the year and focus on the qualitative growth of the company."

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