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Shinhan Investment Securities posts Q1 net profit of 288.4 billion won, up 167.4 percent

Shinhan Investment Securities said on Wednesday its first-quarter net profit rose 167.4 percent from a year earlier to 288.4 billion won. Operating profit jumped 228.5 percent to 386.4 billion won as fee-based income expanded. Operating revenue climbed 90.2 percent to 701.5 billion won, while fee income rose 111.7 percent to 407.4 billion won. Brokerage commissions surged, while investment banking revenue fell year on year.