Kiwoom Securities Q2 Earnings Rise 22.8% to 133.4 Billion Won

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SEOUL, Aug. 8 (Yonhap) — Kiwoom Securities Co. reported on Tuesday that their second-quarter net income had grown by 22.8 percent to 133.4 billion won (US$101.4 million).

Operating income for the April-June period increased by 42.1 percent to 180.9 billion won, while sales dropped 8 percent to 2.22 trillion won.

The earnings were lower than what analysts had predicted. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average estimate of net profit was 159 billion won.
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