[Featured Stock] "Record High Earnings Despite Market Slump"... Daol Investment & Securities Up Over 5%
[Asia Economy Reporter Hwang Yoon-joo] Daol Investment & Securities is showing strength following news that it achieved record half-year earnings despite the sluggish stock market.
As of 9:50 AM on the 17th, Daol Investment & Securities is trading at 4,795 KRW, up 5.15% (235 KRW) from the previous day.
Daol Investment & Securities announced yesterday that its operating profit for the first half increased by 47.6% year-on-year to 119.4 billion KRW, and net profit rose by 3.2% to 95.7 billion KRW. Both operating profit and net profit represent the highest half-year results since the company transitioned to a securities firm.
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This contrasts with other securities firms, which all recorded below-expectation earnings due to decreased trading volumes and a sluggish stock market.
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