NH Investment & Securities Reports Operating Profit of 521.4 Billion KRW Last Year, Down 59.7% YoY
[Asia Economy Reporter Hwang Yoon-joo] NH Investment & Securities announced on the 1st that its consolidated operating profit last year was 521.4 billion KRW, a 59.7% decrease compared to the same period last year. During the same period, sales increased by 17.6% to 12.6566 trillion KRW, while net profit decreased by 67.5% to 303 billion KRW.
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NH Investment & Securities explained, "Operating profit fluctuated due to a decrease in brokerage, financial product sales, and IB division commission income, a reduction in operating and related interest margins, and a decrease in interest margins related to securities loans and deposits."
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