Arab Today, arab today brokerage houses post big drop in third quarer net profit
Last Updated : GMT 02:22:32
Arab Today, arab today
Arab Today, arab today

Brokerage houses post big drop in third quarer net profit

Arab Today, arab today

Arab Today, arab today Brokerage houses post big drop in third quarer net profit

DBS Group
Seoul - YONHAP

 South Korean securities companies saw their third-quarter earnings tumble 38.7 percent from three months earlier due to huge losses from derivatives amid a bearish stock market, the financial watchdog said Wednesday.
The combined net profit of 56 brokerage houses came to 747.2 billion won (US$652.2 million) in the July-September period, compared with an eight-year high of 1.2 trillion won in the second quarter, according to the Financial Supervisory Service (FSS).
The weak on-quarter bottom line came as their proprietary trading income plunged a whopping 69.4 percent to 386.4 billion won during the cited period due to huge losses regarding derivatives, the FSS noted.
While bond-related income grew to 1.73 trillion won, derivative-related income logged a 1.32 trillion-won loss, and they registered 387.6 billion won in losses from stock trading amid the market slump, according to the watchdog.
Of the tallied firms, 46 players remained in the black over the same period, logging a combined net income of 769.5 billion won, while 10 others suffered losses of 22.4 billion won combined, according to the watchdog.
Their net capital ratio, a gauge of financial soundness, stood at 486.7 percent as of end-September, up by 19.5 percentage points from three months earlier, with their total assets standing at 371.3 trillion won, up 5 trillion won from the end of June.
Despite unfavorable market conditions, asset management firms fared well during the third quarter, the FSS data showed.
A total of 87 asset managers logged a combined 154.9 billion won of net income in the July-September period, up 4.4 percent from the previous three months.
The growth is attributable to a substantial fall in their selling and administrative expenses of 11.9 billion won, which offset a 32 billion-won decrease in their operating income, the watchdog said.
The asset managers' return on equity, a key gauge of profitability, came in at 15.5 percent, hovering above the 15 percent mark for six consecutive months.
As of end-September, their assets totaled 785 trillion won, up 3.4 percent from three months earlier.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brokerage houses post big drop in third quarer net profit Arab Today, arab today brokerage houses post big drop in third quarer net profit

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday