Meritz Securities Reports Q2 Net Profit of 161.5 Billion KRW Driven by IB Performance

Meritz Securities announced on the 14th that its consolidated operating profit and net profit for the second quarter of this year reached 203.5 billion KRW and 161.5 billion KRW, respectively, marking increases of 2.3% and 1.9% compared to the same period last year.

The company explained that it has demonstrated differentiated risk management capabilities and stable profit generation by achieving net profits exceeding 100 billion KRW for 22 consecutive quarters since the first quarter of 2018.

By business segment, the corporate finance (IB) division's fees and interest income drove overall performance, while the Sales & Trading division minimized losses through proactive limit management on Contracts for Difference (CFD) transactions.

As of the end of June, Meritz Securities’ equity capital stood at 6.1666 trillion KRW, maintaining its growth trend, and its return on equity (ROE) was 12.2%, recording double-digit figures for 10 consecutive years since 2014, sustaining industry-leading profitability.

Despite challenging conditions such as increased financial market volatility and a downturn in the real estate market, the solid performance is attributed to the effective operation of Meritz Securities’ differentiated risk management system, which is a key strength of the company.

A Meritz Securities representative stated, “We will continue efforts to build a stable profit portfolio by rigorously re-evaluating risk factors across all stages from the initial investment decision to post-management and strictly applying conservative standards.”

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