Daishin Securities Reports H1 Net Profit of 105.2 Billion KRW, Down 14.5% YoY

Daishin Securities announced on the 8th that its consolidated net profit for the second quarter was 52.1 billion KRW, a 26.4% decrease compared to the same period last year.

Second quarter revenue was 940.6 billion KRW, a 26.4% increase year-on-year. However, operating profit was recorded at 36.2 billion KRW, down 61.7%.

For the first half of the year, revenue was 2.0167 trillion KRW, up 6.9% compared to the same period last year, but operating profit and net profit were 109.3 billion KRW and 105.2 billion KRW respectively, down 26.8% and 14.5% year-on-year.

Daishin Securities stated, "Securities revenue declined due to decreased trading volume and weak market conditions," adding, "Subsidiary profits improved due to asset sales and other income recognition."