Toss Securities posts first annual profit of 1.53 billion won

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Toss Securities posts first annual profit of 1.53 billion won

Published: 15 Feb. 2024, 17:24 Updated: 14 Mar. 2024, 17:19

JIN MIN-JI
[email protected]

toss

Toss Securities reported 1.53 billion won ($1.15 million) in net profit last year on increased transactions for its first annual profit.

The company’s revenue has been rising since it was established in 2021, but it reported net losses of 78.3 billion won and 32.5 billion won in the first two years.

Toss Securities’ operating profit remains in the red at 900 million won.

The company said the amount of its domestic securities transactions jumped 66 percent on year last year while that of overseas transactions soared 61 percent over the same period.

The number of its registered users stands at 5.7 million.

The company pledged to expand to more diverse services beyond stock trading this year.

Viva Republic, which runs Toss Securities, is expected to go public next year.

BY JIN MIN-JI [[email protected]]