Stock Market Boom Drives KB Securities to Record-High Operating Profit in First Half View original image

KB Securities achieved record-high profits in the first half of this year.


On July 23, KB Securities announced in a regulatory filing that its operating profit on a consolidated basis for the second quarter provisionally came in at 600.6 billion won, up 175.5% year-on-year.


Revenue stood at 12.2779 trillion won, representing a 281.7% increase compared to the same period last year. Net profit jumped 180.6% to 450.8 billion won.


For the first half of this year, revenue climbed to 20.6289 trillion won, up 233% year-on-year. Operating profit for the first half was 1.0537 trillion won, up 138% from a year ago, while net profit increased by 134% to 801 billion won.


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A representative from KB Securities explained, "We achieved our best-ever half-year results thanks to the strong performance of the stock market."


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