Sunday, February 26, 2017

2.1 Net income fell 34% securities, yoy ... Self-marketing profit decline



[Korea goyounghun financial newspaper reporter] net profit last year, 53 securities firms is 2 trillion the previous year fell by 34% by 1000 Lorna billion. Thats the largest self-marketing profit plunged.

According to the Financial Supervisory Service (FSS) 26 days net of securities companies 53 companies in 2016 net profit of 2.1338 trillion won the previous year 3.2268 trillion won compared to 1.093 trillion won, or were 33.9% drop in. This income is also summed up last year's figure of December 30, 11 of the Mirae Asset Securities merged with KB Investment & Securities May.

Return on Equity Securities of the Company in 2016 (ROE) was 2.7% points year-on-year decrease by 4.6%. The securities ROE showed a trend of the year and 4.6% in 2015 4.1% 2014 7.3% 2016.

Last year, revenue was 434.4 billion won year-on-year decrease (-5.5%) to 7.4912 trillion won. The previous year due to reduced commission in accordance with the stock trading volume declined compared to reduce the 869.7 billion won, 19.0%.

Self marketing year profit of 2 trillion year-on-year decrease was 1.7005 trillion won (-40.9%) to 453.1 billion won. Stock-related profit fell by 224.3 billion won (-41.5%) year-on-year to 315.9 billion won, bond-related gains 3.981 trillion won to 1.2329 trillion won year-on-year decrease (-23.6%) were the main causes of self-harm sales profit decrease .

FSS side said, "The US interest rate hike after the presidential gotta switch to the rising trend in increased uncertainty, such as bonds, disposal gains or losses resulting from the reduction together."

Derivatives-related losses dwaeteumyeo 1 trillion 843.9 billion won to 243.4 billion won year-on-year to expanding the Drawdown (-15.2%), sales and administrative expenses compared to the previous year of 7.5 to 7.3132 trillion won compared to the previous year according to number of employees, salary payments reduced due to the reduced profits, etc. % it fell away from the 592.4 billion won.

The total assets of the entire company's securities was 355 trillion 800 billion won by the end of 2015 increased 344.4 trillion won compared to 11.4 trillion won (3.3%). Compared to the previous year's 4.8 trillion won debt holdings, equity holdings rose 3.2 trillion won.

Total liabilities of all securities increased by the end of 2015 is 298.4 trillion won compared to 9.8 trillion won (3.3 percent) to 308.2 trillion won. YoY selling securitized derivatives was 6.7 trillion won, Jesus debt has increased 2 trillion 300 billion won. Equity securities of the entire company rose to 47.6 trillion won late 2015 trillion 600 billion won compared to 46 trillion won (3.5%).

Johyoje FSS Financial Investment Director said "We will analyze the impact of potential risk factors, such as the US interest rate hikes on the profitability of the securities company, etc., and continually check the responsiveness of the securities of the company, market liquidity deteriorated."



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com