Kiwoom Securities Co. on Tuesday reported its first-quarter net profit of 292.4 billion won (US$220.9 million), up 107.3 percent from a year earlier.
Operating profit for the January-March period was 388.9 billion won, up 82.4 percent from a year ago, the company said in a regulatory filing. Revenue rose 57.5 percent to 3.07 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 195.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency