Daishin Securities, operating loss of 2.2 billion won in the third quarter... Turned into deficit due to stock market plunge

(Seoul = Yonhap News) Reporter Kang Su-ji = Daishin Securities [003540] recorded an operating loss in the third quarter of this year due to a decrease in trading volume.

Daishin Securities announced on the 9th that its operating loss on a consolidated basis in the third quarter of this year was 2.2 billion won, turning into a deficit.

Operating profit changed from a surplus of KRW 73.6 billion recorded in the same period last year to a deficit in the third quarter of this year, and also turned into a deficit compared to the second quarter (KRW 359.9 billion), the previous quarter.

Third quarter sales amounted to KRW 2.044 trillion, up 142.7% from the same period last year. It decreased by 21.4% compared to the previous quarter.

Net profit for the period turned into a deficit with a loss of 13.7 billion won. In the third quarter of last year, there was a surplus of 40.1 billion won. The net loss of the parent company’s equity is 19 billion won.

Based on separate financial statements, sales in the third quarter were KRW 1.7759 trillion, operating loss was KRW 58.9 billion, and net loss for the period was KRW 42.9 billion.

The company cited “slow performance due to a decrease in market trading volume” as the reason for the performance fluctuation.

However, cumulative performance in the first to third quarters of this year increased significantly compared to last year. Cumulative sales increased by 112.6% to 6.9562 trillion won. Cumulative operating profit increased by 85.4% to 460.2 billion won. Cumulative net profit increased by 102.7% to 389.6 billion won.

This disclosure is provisional based on the consolidated standards of Korea International Financial Reporting Standards (K-IFRS), and some contents may change as the external auditor's review has not been completed.