Mirae Asset Securities is experiencing strong performance after becoming the first in the securities industry to surpass 1 trillion won in net profit for two consecutive quarters.
As of 9:20 a.m. on August 13, the Korea Exchange reported that Mirae Asset Securities shares rose by 3,050 won (8.36%) to 39,550 won compared to the previous trading day.
The surge in investor sentiment is attributed to the company's announcement of record Q2 earnings, driven by balanced growth across its global operations, brokerage, and wealth management sectors.
For the second quarter of this year, Mirae Asset Securities reported a consolidated net profit of 1.9052 trillion won, a 369.4% increase from the same period last year. This marks a 90.2% rise compared to the previous quarter's profit of 1.002 trillion won, setting a record for the securities industry with two consecutive quarters exceeding 1 trillion won in net profit.
The cumulative net profit for the first half of the year reached 2.9072 trillion won, up 338% from the same period last year. During the same timeframe, pre-tax profit increased by 349% to 3.8863 trillion won. By the end of Q2, the company's equity capital expanded to 16.2 trillion won, with an annualized return on equity (ROE) of 39.5% for the first half.
Mirae Asset Securities stated, "We will continue to strengthen our long-term trust with clients and develop into a global investment platform that contributes to their successful asset management."
* This article has been translated by AI.
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