Hana Securities achieves a sharp improvement in results in the second quarter this year, helped by higher brokerage revenue from increased stock market trading value and risk management.
Hana Securities discloses on July 24 that its consolidated operating profit in the second quarter this year is 203.7 billion won, up 783.3 percent from a year earlier. Net profit for the period is 168.7 billion won, up 442.1 percent.
Cumulative net profit for the first half is 273.1 billion won, up 155.7 percent from a year earlier.
Compared with the previous quarter, growth slows somewhat. First-quarter net profit is 104.4 billion won, and the second quarter records 168.7 billion won, an increase of 64.3 billion won. As a result, first-half cumulative net profit is tallied at 273.1 billion won.
Operating profit also expands to 203.7 billion won in the second quarter from 109.8 billion won in the first quarter, improving profitability.
Sangyeop Oh
yub@d-today.co.kr