Mirae Asset Securities reported a nearly 2 trillion won net profit for the second quarter, significantly surpassing its competitors. The firm achieved a net profit of 1.9052 trillion won for the second quarter, marking a 369.4% increase from the same period last year and a 90.2% rise from the previous quarter.
In the first quarter, the company recorded a net profit of 1.0019 trillion won, making it the first in the securities industry to exceed 1 trillion won in net profit for two consecutive quarters. For the first half of the year, the cumulative net profit reached 2.9072 trillion won, a 337.8% increase year-on-year, while pre-tax profit soared to 3.8863 trillion won, up 348.6%.
Mirae Asset's performance outstripped that of its rival, Korea Investment & Securities, which reported a net profit of 1.7311 trillion won for the first half, leaving a gap of 1.1761 trillion won. In terms of second-quarter results, Mirae Asset also surpassed major banks, including Shinhan Financial Group (1.8201 trillion won) and the five largest banks: Shinhan Bank (1.3015 trillion won), Kookmin Bank (1.1240 trillion won), Hana Bank (1.0213 trillion won), and Woori Bank (842.7 billion won).
The key driver behind this impressive performance was the evaluation profit of 1.6242 trillion won from its investment in SpaceX, which accounted for 64.2% of the second-quarter pre-tax profit. This investment has been credited with giving a significant boost to the company's overall results.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.