Daishin Securities Posts KRW 2.2 Billion Q3 Operating Loss, Swings to Loss
Daishin Securities posted an operating loss in the third quarter of this year as trading value declined.
According to Daishin Securities on November 9, its consolidated operating loss for the third quarter was KRW 2.2 billion, marking a shift to a loss.
Third-quarter revenue was KRW 2 trillion and KRW 4.4 billion, up 142.7% year on year but down 21.4% from the previous quarter.
Net income also turned to a loss of KRW 13.7 billion, compared with a profit of KRW 40.1 billion in the third quarter of last year. Net loss attributable to owners of the parent company was KRW 19 billion.
On a separate financial statement basis, the company recorded third-quarter revenue of KRW 1.7759 trillion, an operating loss of KRW 58.9 billion, and a net loss of KRW 42.9 billion.
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Cumulative results for the first three quarters of this year were higher than those of last year. Cumulative revenue was KRW 6.9562 trillion, up 112.6%. Cumulative operating profit rose 85.4% to KRW 460.2 billion. Cumulative net income surged 102.7% to KRW 389.6 billion.
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