Samsung Securities Reports 334.6 Billion KRW Operating Profit in Q1... "WM Division Growth Continues"

Samsung Securities announced on May 14 that its consolidated operating profit for the first quarter of this year was provisionally calculated at 334.6 billion KRW, representing a 0.91% increase compared to the same period last year. During the same period, revenue was 3.2712 trillion KRW, up 12.13%, while net profit decreased by 1.87% to 248.4 billion KRW.

Samsung Securities explained that the growth of its asset management-based business continued, citing a net inflow of client assets in the WM (Wealth Management) division and increased revenue from financial product sales.

On a separate basis, retail client assets recorded a net inflow of 10.1 trillion KRW. Total client assets amounted to 308 trillion KRW. Fund sales revenue was 19.9 billion KRW, a 66.1% increase compared to the previous quarter. Pension balances also grew by 5.6% to 22.5 trillion KRW, demonstrating continued growth in the asset management business.

In the IB (Investment Banking) division, performance was similar to the previous quarter, with 67.5 billion KRW, centered on 57.5 billion KRW from structured finance. In ECM (Equity Capital Markets), the company served as the lead underwriter for IPOs of SGI Seoul Guarantee and MD Device, among others.

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