Kiwoom Securities Q3 net profit rises 3.7% to $152.7 million

Kiwoom Securities on Wednesday reported its third quarter net profit of 211.6 billion won ($152.7 million), up 3.7 percent from a year earlier.

The company said in a regulatory filing that operating profit for the July-September period fell 1.4 percent on year to 268 billion won. Revenue increased 29.2 percent to 2.71 trillion won.

The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 195.9 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Yonhap