Brokerages have begun reporting first-quarter results, and Shinhan Investment was among the first, posting a sharp jump in profit as a stock market rally lifted trading activity. Other securities firms are also expected to report strong gains.
Shinhan Investment said Thursday its first-quarter net profit rose 167.4% from a year earlier to 288.4 billion won. Operating profit climbed 228.5% to 386.4 billion won. Operating revenue increased 90.2% to 701.5 billion won, while operating expenses rose 25.4% to 315.1 billion won, highlighting improved profitability.
By revenue source, fee income totaled 407.4 billion won, the largest share. Brokerage commissions accounted for 293.5 billion won, followed by financial product fees of 28.3 billion won and investment banking fees of 42.6 billion won. Product management income came to 162.3 billion won, and net interest income was 131.7 billion won. Profitability indicators also improved, with return on assets at 1.97% and return on equity at 20.00%.
The company attributed the gains to higher trading value amid the market upswing. “Along with an increase in stock brokerage commissions, profit and loss from product management improved,” a Shinhan Investment official said, adding that results strengthened broadly across business lines including brokerage, investment banking and financial products.
* This article has been translated by AI.
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