[Alpha Biz=(Chicago) Reporter Paul Lee] Korea Investment & Securities Co., a subsidiary of Korea Financial Holdings Co., said on the 9th that its tentative operating profit for the third quarter of this year on a consolidated basis rose 132.92 percent year-on-year to 200.6 billion won.

Provisional sales in the third quarter fell 39.81 percent to 5.6759 trillion won over the same period. Net profit for the term was 192.2 billion won, up 112.33% over the same period.

Looking at net operating profit on a separate basis, brokerage (stock consignment trading) profits increased by 8% year-on-year. IB (investment bank) profits increased by 2.3%. Brokerage and asset management, on the other hand, fell 0.9 percent and 8.4 percent, respectively, over the same period. The operating sector and others turned to the black with dividends and distribution profits of KRW 71.9 billion.

 

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