KIWOOM Securities posts Q3 operating profit of 453.6 billion won, up 26.1% year on year

[Financial News] KIWOOM Securities Co., Ltd. said on the 30th that its operating profit on a standalone basis for the third quarter of this year rose 26.1% year on year to 453.6 billion won.
Net income for the same period stood at 275.7 billion won, maintaining a level similar to that of the same period a year earlier. Total equity rose 32.7% from the same period last year to 7.6809 trillion won.
By business segment, revenue from brokerage commissions increased. Third-quarter commission revenue from stock brokerage rose 32.1% year on year to 244.7 billion won. Revenue from derivatives commissions also increased 23.8%, from 34.1 billion won to 42.2 billion won.
The asset management division also posted a marked improvement in performance. Gains from investment operations, dividends and distributions totaled 140.2 billion won, up 90.0% from the same period a year earlier. Fees from the investment banking (IB) division rose 62.4% year on year to 96.8 billion won.
However, results on a consolidated basis edged down. Consolidated operating profit fell 0.7% year on year to 406.1 billion won. Net income declined 26.0% from a year earlier to 238.5 billion won.
Compared with the previous quarter, third-quarter operating profit fell 48.5%. Net income also declined 65.0%, from 680.6 billion won to 238.6 billion won.
[email protected] Joo Won-gyu Reporter