Daishin Securities has reported significant performance improvements for the second quarter of this year, driven by increased trading volume and expanded valuation gains on its securities holdings.
According to Daishin Securities, the consolidated operating profit for the second quarter (April to June) reached 359.9 billion won, a 165.2% increase compared to the same period last year. Pre-tax profit for the same period rose to 320.7 billion won, up 196.0%, while net profit surged to 257.8 billion won, marking a 242.8% increase.
Compared to the previous quarter, the growth in operating profit was notable. The operating profit for the second quarter was approximately 3.5 times higher than the 102.5 billion won reported in the first quarter. The second quarter's operating revenue totaled 2.55 trillion won, with operating expenses amounting to 2.19 trillion won.
For the first half of the year (January to June), the cumulative consolidated operating revenue was 4.95 trillion won, with operating profit recorded at 462.4 billion won. The net profit attributable to the controlling shareholders was 408.4 billion won.
On a separate basis, Daishin Securities also showed improved performance. The standalone operating profit for the second quarter was 327.5 billion won, a 58.8% increase from the 206.2 billion won in the first quarter. The net profit for the same period was 244.2 billion won.
The company's total assets also expanded. As of the end of June, Daishin Securities' consolidated total assets stood at 42.59 trillion won, an increase of about 4 trillion won from 38.63 trillion won at the end of March.
The fair value measurement financial assets increased from 17.46 trillion won to 19.81 trillion won during the same period. The equity capital was reported at 4.55 trillion won, with the equity attributable to the controlling shareholders amounting to 4.54 trillion won.
A representative from Daishin Securities stated, "The increase in trading volume has led to higher commission and credit income, and the valuation gains on our securities holdings have also risen. All subsidiaries, including F&I and savings banks, have contributed to this performance improvement."
* This article has been translated by AI.
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