[Digital Today reporter Sangyeop Oh] NH Investment & Securities posted operating profit of more than 500 billion won in the third quarter, marking double-digit growth from a year earlier. Net profit also rose more than 35 percent, and operating profit beat market expectations.
NH Investment & Securities disclosed on Oct. 26 that its third-quarter operating profit on a consolidated basis was preliminarily tallied at 521.1 billion won, up 33.2 percent from the same period last year.
Revenue rose 149.2 percent to 6.78 trillion won. Net profit for the period increased 35.5 percent to 383.6 billion won.
The figure also topped market expectations. NH Investment & Securities' third-quarter operating profit was 7.3 percent higher than the market forecast of 485.5 billion won compiled by Yonhap Infomax.
In the third quarter, results across the securities industry diverged by company amid wider stock market volatility, changes in trading value and interest rate moves. NH Investment & Securities posted year-on-year increases in both operating profit and net profit.
Sangyeop Oh
yub@d-today.co.kr