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Photo= Yonhap news |
[Alpha Biz= Reporter Kim Sangjin] Dae Shin Securities announced on the 7th that its operating profit for Q3 2024 dropped by 91.4% year-on-year to 3.642 billion won. Net profit also fell by 85.6%, reaching 3.22 billion won during the same period.
The company attributed the poor performance to a decline in retail business, citing a decrease in daily average trading volumes. Additionally, there were trading performance setbacks due to product valuation losses at the end of the quarter.
However, the company noted a slight improvement in corporate finance (IB) revenue, driven by new IPO and project financing (PF) deals.
For the year to date, Dae Shin Securities reported a cumulative operating profit of 112.9 billion won and net profit of 10.88 billion won, down 41.0% and 25.4%, respectively, compared to the same period last year.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
