ID :
203676
Fri, 08/26/2011 - 12:58
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Shortlink :
https://oananews.org//node/203676
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Samsung Securities Q1 net soars 83.3 pct
SEOUL, Aug. 26 (Yonhap) -- Samsung Securities Co., South Korea's largest brokerage by market cap, said Friday its first-quarter earnings jumped 83.3 percent from a year earlier.
Net profit reached 64.3 billion won (US$59.4 million) in the April-June period, compared with a profit of 35.1 billion won a year earlier, the company said in a regulatory filing.
Revenue slipped 2.4 percent on-year to 760.9 billion won over the cited period, while operating income climbed 13.7 percent to 94.5 billion won, said Samsung Securities which closes books on March 31.
The stronger bottom line came on the back of increased market share in the retail sector as well as a rise in advisory profit, the company said in a statement.
Shares of Samsung Securities closed at 59,000 won on the Seoul main bourse on Friday, up 1.2 percent from the previous close. The first-quarter results were released after the stock market's close.
Net profit reached 64.3 billion won (US$59.4 million) in the April-June period, compared with a profit of 35.1 billion won a year earlier, the company said in a regulatory filing.
Revenue slipped 2.4 percent on-year to 760.9 billion won over the cited period, while operating income climbed 13.7 percent to 94.5 billion won, said Samsung Securities which closes books on March 31.
The stronger bottom line came on the back of increased market share in the retail sector as well as a rise in advisory profit, the company said in a statement.
Shares of Samsung Securities closed at 59,000 won on the Seoul main bourse on Friday, up 1.2 percent from the previous close. The first-quarter results were released after the stock market's close.
