Mirae Asset Securities Q2 Earnings Slump 47 Percent to 140.9 Billion Won


On Thursday, Mirae Asset Securities Co. reported a net income of 140.9 billion won (US$107 million), representing a 47 percent decrease compared to the same period a year ago.

The company’s regulatory filing also showed that operating income for the April-June quarter dropped 51.2 percent year-on-year to 156.7 billion won, while sales decreased 31 percent to 3.97 trillion won.

The results exceeded market expectations, as the average estimate of net profit given by analysts was 131.4 billion won, according to a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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