[Public Notice+] KTB Investment & Securities, 3Q Operating Profit 25.5 Billion KRW... Up 1719% YoY

Net Income Also Increased by 563% Year-on-Year to 27.6 Billion KRW

[Asia Economy Reporter Minwoo Lee] KTB Investment & Securities reported a consolidated operating profit of 25.5 billion KRW for the third quarter of this year, a 17-fold increase compared to the same period last year. This growth is attributed to improved market conditions, leading to balanced growth across all sectors including investment banking (IB) operations and bond sales.

KTB Investment & Securities announced on the 16th that its consolidated sales for the third quarter reached 133.6 billion KRW, with an operating profit of 25.5 billion KRW. Compared to the same period last year, sales increased by 50.2%, and operating profit surged by an impressive 1718.8%. Net profit also rose by 563.0% to 27.6 billion KRW compared to the third quarter of last year.

The company stated, "With the improvement in market conditions, IB operations and bond sales divisions led the rise in performance, and balanced growth across all business sectors resulted in fee income on a separate basis increasing by 50% year-on-year to 29 billion KRW. Our subsidiary KTB Network achieved a pre-tax profit of 12.5 billion KRW in the third quarter due to high investment asset valuation gains from the listing of quality investment companies, and KTB Asset Management contributed to the strong performance by exceeding the cumulative results of the first half within the third quarter alone."