Samsung Securities Q3 Operating Profit Up 61%..."Strong Performance in WM and Retirement Pensions"

Sales of 2.7677 trillion KRW down 11.57%
Net profit at 204.3 billion KRW... up 59.13%

Samsung Securities announced on the 7th that its consolidated preliminary operating profit for the third quarter of this year reached 324.1 billion KRW, a 61.0% increase compared to the same period last year.

During the same period, sales decreased by 11.57% year-on-year to 2.7677 trillion KRW, but net profit rose by 59.13% to 240.3 billion KRW.

Samsung Securities explained that "the continued growth of the customer base was driven by net inflows of customer assets in the Wealth Management (WM) division and an increase in retirement pension deposits."

On a separate basis for the third quarter, retail customer assets saw a net inflow of 7.7 trillion KRW, bringing total customer assets to 313 trillion KRW.

During the same period, retirement pension balances increased by 3.2 trillion KRW and individual pension balances rose by 1.9 trillion KRW compared to the same period last year.

Investment Banking (IB) performance recorded 73.3 billion KRW, centered on structured finance and the ECM (Equity Capital Market) sector.

Samsung Securities added, "We have secured lead underwriting positions for companies such as Megazone Cloud, DN Solutions, Rebellion, and Vinau, and we expect improvements in IPO performance going forward."

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