Mirae Asset Securities-Q1 earnings

Mirae Asset Securities-Q1 earnings

Mirae Asset Securities Q1 net income up 15.7 pct to 238.2 bln won

SEOUL, May 11 (Yonhap) -- Mirae Asset Securities Co. on Thursday reported its first-quarter net income of 238.2 billion won (US$179.6 million), up 15.7 percent from a year earlier.

The company said in a regulatory filing that it posted 281.7 billion won in operating profit for the quarter, compared with 284.7 billion won a year ago. Revenue rose 30.6 percent to 6.86 trillion won.

The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 164 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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