Hana Securities Reports Operating Profit of 142 Billion Won Last Year... Returns to Profitability

Hana Securities announced on the 4th that its operating profit and net income turned positive last year.

According to Hana Securities, last year's operating profit (consolidated basis) was 142 billion KRW, and net income was 225.1 billion KRW. In 2023, it recorded an operating loss of 366.8 billion KRW and a net loss of 292.4 billion KRW.

By business segment, the Wealth Management (WM) division improved earnings due to increased overseas stock trading revenue and financial product transactions. The Investment Banking (IB) division expanded profits centered on high-quality assets. The Sales and Trading (S&T) division also improved profitability thanks to falling interest rates.

However, looking only at the fourth quarter of last year, a conservative approach to provisioning resulted in an operating loss of 53.8 billion KRW. The net income for the fourth quarter of last year was 43.3 billion KRW, influenced by the increased value of held assets.

A Hana Securities official explained, "We achieved an annual performance turnaround by improving results across all business divisions and strengthening core competitiveness," adding, "We will strive to build a solid operational foundation to secure stable growth momentum."

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