NH Investment & Securities, 1Q 251.5 Billion KRW... 55.5% Increase YoY

원본보기 아이콘

NH Investment & Securities announced that its operating profit for the first quarter of this year reached 251.5 billion KRW, marking a 55.5% increase compared to the same period last year. Revenue was 3.7229 trillion KRW, a 6% decrease, while net profit for the period rose by 80% to 184.1 billion KRW, according to preliminary estimates.

The operating profit increased by 83.7% compared to the previous quarter. Revenue and net profit also grew significantly, by 303.9% and 166.6% respectively, compared to the previous quarter.

An NH Investment & Securities representative explained, "Brokerage commission income improved compared to the previous quarter due to increased domestic market trading volume and recovery in the global stock market," adding, "Assets and contract amounts through digital channels also expanded."

In the IB division, the company stood out in the bond issuance market by managing bond issuances totaling 8.9 trillion KRW in the first quarter, alongside the recovery of the DCM market.

Additionally, the asset management division saw improved bond management performance as favorable market conditions were created by declining bond yields and rising global stock markets.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.