Daol Investment & Securities Sees Full-Fledged Performance Improvement... Turns to Profit With 31.9 Billion KRW Net Income in First Half

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Daol Investment & Securities (CEO Hwang Junho) achieved a net profit of 31.9 billion KRW in the first half of the year, marking a successful turnaround and signaling a full-fledged improvement in performance.

On a consolidated basis, the company posted an operating profit of 25.6 billion KRW and a net profit of 31.9 billion KRW for the first half of this year, representing increases of 58 billion KRW and 53.5 billion KRW, respectively, compared to the same period last year. Net profit for the second quarter was 22.4 billion KRW, following 9.5 billion KRW in the first quarter, achieving two consecutive quarters of profit.

This rebound in performance is the result of a recovery in business operations across divisions and conservative risk management. The bond sales and trading division secured stable earnings amid heightened volatility in the first half of the year, driving overall growth. The investment banking (IB) division contributed to improved profitability by reducing real estate PF exposure, easing provisions, and partially reversing some reserves.

Affiliates also showed strong performance. Daol Savings Bank turned a profit for the quarter despite unfavorable market conditions, recording a net profit of 3.9 billion KRW for the half-year. Daol Asset Management also saw its net profit for the first half rise by 175% year-on-year to 4.4 billion KRW.

A Daol Investment & Securities representative stated, "Over the past several years, we have focused on risk management and driven performance improvement by reorganizing our business portfolio through efficient allocation of available resources. In the second half of the year, we will continue to enhance profitability and stability through agile market responses, and make every effort to strengthen our foundation for mid- to long-term growth."

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