Brokerage firms report poor performance in 3rd quarter

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Brokerage firms report poor performance in 3rd quarter

Published: 14 Nov. 2018, 20:27

Korea’s major brokerage firms reported dismal earnings in the third quarter of this year, mainly due to the lackluster showing of the bourse, data showed on Wednesday.

In the July-September period, Mirae Asset Daewoo posted 98.8 billion won in operating profit on a consolidated basis, down 41.5 percent from last year, according to its regulatory filing.

Samsung Securities said its third-quarter operating profit shed 20.2 percent on-year to 92.3 billion won. The third-quarter operating profit of Korea Investment & Securities inched down 3.8 percent to 161.5 billion won, according to its regulatory filing.

Yonhap