Kiwoom Securities Q2 net income up 74 pct to 232.1 bln won

Kiwoom Securities Co. on Wednesday reported its second-quarter net income of 232.1 billion won (US$167.6 million), up 74 percent from a year earlier. The company said in a regulatory filing that operating income for the April-June period rose 72.7 percent on-year to 312.3 billion won. Revenue increased 2.6 percent to 2.28 trillion won. The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 202.1 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency