Korea Investment Securities recorded a consolidated net profit of 448.2 billion won in the first quarter of this year (January to March). This is a 22% increase compared to the first quarter of last year.
On the 14th, Korea Investment Securities noted that the consolidated operating profit for the first quarter of this year was 518.8 billion won, and the net profit was 448.2 billion won. Compared to the same period last year, operating profit increased by 32% and net profit by 22%.
Korea Investment Securities explained, "All institutional sectors reported strong results, and the increase in revenue from bonds and issued notes was particularly notable," adding, "This is due to the stable benefits received from falling interest rates."
The results of the asset management (WM) sector are also respectable. Thanks to the expansion of global business, the company explained that it continuously differentiated its financial products and services, resulting in an increase of about 4.5 trillion won in personal customer financial product balances in just three months. The investment banking (IB) revenue also increased due to a rise in new deals in the PF sector.