Meritz Securities recorded balanced results in corporate finance, asset management and retail in the third quarter. [Photo: Meritz Securities]

Meritz Securities posted a third-quarter consolidated operating profit of 140.0 billion won and net profit of 206.4 billion won.

Meritz Securities said on Tuesday its net profit for the first nine months of the year came to 720.5 billion won, up 12.0 percent from a year earlier.

By business segment, it recorded balanced performance across corporate finance, asset management and retail.

In corporate finance, it maintained results by continuing soundness management while closing multiple structured finance deals tailored to large companies.

In asset management, it contributed to profit growth based on investment performance despite increased volatility in financial markets.

The retail segment also posted stable quarterly results.

Meritz Securities plans to push growth in retail by leveraging its customer base and competitiveness in its digital platform, and to strengthen linkages with corporate finance and asset management.

A Meritz Securities official said, "Based on our expanded customer base and competitiveness in our digital platform, we will pursue growth in the retail business while increasing synergies between corporate finance and asset management to secure growth momentum."

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