Mirae Asset Securities' Remarkable Q2 Performance

In an impressive financial disclosure, Mirae Asset Securities revealed an 83.1% surge in its consolidated operating profit for the second quarter, reaching 500.44 billion won, up from 273.29 billion won in the same period last year. Analysts attribute this significant growth to the enhanced performance of its overseas subsidiaries.

Global Strategy Pays Off

The company's revenue for the quarter stood at 7.6949 trillion won, marking a 62.9% increase year-over-year. Net profit soared by 103.2% to 405.86 billion won, with shareholders’ equity at 12.4 trillion won and an annualized ROE of 10.9%. A notable highlight was the pre-tax profit from overseas subsidiaries, which hit 106.1 billion won, contributing significantly to the first half's cumulative total of 224.2 billion won.

Wealth Management and Overseas Business Expansion

Mirae Asset Securities is also making waves in the wealth management sector, with customer assets reaching a record 533 trillion won. The company is set to bolster its WM division and overseas operations further in the latter half of the year, leveraging its extensive global network to offer superior investment opportunities.

Future Plans and Treasury Shares

Regarding the disposal of treasury shares from its merger with Daewoo Securities, the company is awaiting amendments to the Commercial Act to formulate a strategy that benefits shareholders, showcasing its commitment to long-term value creation.