Hanwha Investment & Securities Reports H1 Net Profit of 57.3 Billion KRW, Up 55.29% YoY
Hanwha Investment & Securities announced on the 14th that its consolidated net profit for the first half of this year reached 57.3 billion KRW, a 55.29% increase compared to 36.9 billion KRW in the same period last year. Operating profit was 4.3 billion KRW, and total equity stood at 1.6581 trillion KRW. Additionally, the Net Capital Ratio (NCR) improved from 605% at the end of last year to 684% in the first half of this year.
The Wealth Management (WM) division showed steady growth in the first half due to increased market trading volume and the effects of organizational restructuring, while the Investment Banking (IB) division experienced a decline in profits due to the ongoing real estate market downturn and provisions set aside for risk management.
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A representative from Hanwha Investment & Securities stated, "Going forward, we will maintain profitability in the WM division by strengthening non-face-to-face services and implementing differentiated strategies for attracting and managing high-net-worth clients. At the same time, we will diversify our revenue structure by reinforcing traditional IB sectors such as Debt Capital Markets (DCM) and Equity Capital Markets (ECM). Furthermore, we will strive to secure future growth engines by enhancing digital capabilities and expanding global business in line with the changing investment environment."
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