Arab Today, arab today brokerage houses post big drop in third quarer net profit
Last Updated : GMT 18:56:35
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.

arabstoday
arabstoday

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

 



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 Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel police detain 15 over campaign

GMT 14:19 2017 Monday ,23 October

Israel police detain 15 over campaign
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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