Hanwha Investment & Securities Co., Ltd. reports third-quarter operating profit of 20.9 billion won, down 44.3% year on year

[Financial News] Hanwha Investment & Securities Co., Ltd. said in a filing on the 12th that it posted consolidated operating profit of 20.9 billion won in the third quarter of this year, down 44.3% from the same period a year earlier. Net income also fell 46.1% from the same period last year to 11.5 billion won.
Operating profit for the first three quarters totaled 106.2 billion won, down 13.3% year on year. Cumulative net income for the same period also came to 57.7 billion won, down 34.4%.
By business segment, cumulative net operating revenue in wealth management (WM) and wholesale rose 108.2% and 78.4%, respectively, from the same period a year earlier. By contrast, trading and investment banking (IB) fell 46.4% and 50.5%, respectively.
Hanwha Investment & Securities Co., Ltd. plans to focus on strengthening its core business and managing risk while expanding its virtual asset-related businesses.
A Hanwha Investment & Securities Co., Ltd. official said, "We are maintaining a profitable trend even in a highly volatile market environment," adding, "We will continue to strengthen our core business and focus on risk management while accelerating our efforts to become a securities firm specializing in virtual assets, drawing on our differentiated technology and competitiveness."

[email protected] Im Sang-hyeok Reporter