Samsung Securities Reports 28.1% Increase in Operating Profit Last Year... Dividend Set at 2,200 Won

by Cha Minyoung

Published 26 Jan.2024 17:32(KST)

Sales of 132 Trillion Won... 2.3% Decrease Compared to Previous Year

Samsung Securities announced on the 26th that its consolidated operating profit for 2023 reached 740.6 billion KRW, a 28.1% increase compared to the same period last year. During the same period, sales decreased by 2.3% to 132 trillion KRW, while net profit increased by 29.7% to 548 billion KRW.

The company explained, "The increase in brokerage revenue, the investment banking (IB) division, and gains and losses from product management were reflected," adding, "Performance improved due to the stabilization of financial margins."

On the same day, Samsung Securities held a board meeting and confirmed a dividend of 2,200 KRW per share. The dividend payout ratio remains the same as last year at 35.8%. The total dividend amount is 196.5 billion KRW. The dividend amount may change during the shareholder meeting approval process, and the schedule for the shareholder meeting is yet to be determined.