Samsung Securities Reports Operating Profit of 1.2 Trillion KRW Last Year, Up 62.7% YoY

Samsung Securities announced on the 24th that its consolidated operating profit for last year amounted to 1.2058 trillion KRW, an increase of 62.7% compared to the previous year.

Revenue rose 2.3% year-on-year to 13.4666 trillion KRW, and net profit for the period increased 64.2% to 899 billion KRW.

Additionally, a cash dividend of 3,500 KRW per share was decided, which will be finalized after approval at the shareholders' meeting. The dividend payout ratio stands at 34.7%, similar to the previous year.

Samsung Securities explained that "performance improved due to increased brokerage sales, corporate finance (IB), and gains from product management."