NH Investment & Securities Q1 Operating Profit 276.9 Billion KRW... Up 104.5% from Previous Quarter

NH Investment & Securities announced on the 25th that its consolidated operating profit for the first quarter of this year reached 276.9 billion KRW, a 10.1% increase compared to the same period last year. Revenue decreased by 15.3% to 3.154 trillion KRW, while net profit rose by 22.4% to 225.5 billion KRW. Compared to the previous quarter, operating profit surged by 104.5% and net profit by 163.5%.

Due to an increase in domestic market trading volume, brokerage commission income significantly improved to 119.2 billion KRW compared to the previous quarter. Sales of financial products also increased to 29.7 billion KRW, driven by higher sales of public offering high-yield funds and target conversion-type Wraps. Through continuous strengthening of digital channels, entrusted assets via digital channels slightly increased compared to the previous quarter.

The Corporate Finance (IB) division actively pursued numerous deals in the Debt Capital Market (DCM) and Equity Capital Market (ECM), maintaining a top-tier position in the league tables by ranking first in representative underwriting of corporate bonds, first in rights offering underwriting, and second in initial public offering (IPO) underwriting. An NH Investment & Securities official explained, "This is the result of proactive and effective risk management and efforts to successfully close previously secured deals," adding, "Revenue also recorded 110.1 billion KRW, a slight increase compared to the same period last year."

The Asset Management division recorded 231.1 billion KRW by defending profits through conservative management despite the ongoing tightening monetary policy, rising global economic uncertainties, and a general increase in bond yields.

An NH Investment & Securities official stated, "Going forward, NH Investment & Securities will build a customer-centric comprehensive platform to strengthen differentiated product and service supply systems. We will actively seek to diversify revenue sources through proactive responses to regulatory changes in areas such as digital asset management and venture capital investment, aiming to create a stable and balanced business portfolio and achieve continuous growth."