Monday, May 14, 2007

South Korean Brokers' Profit Drops 28 Percent as Equity Trading Declines

(Bloomberg) -- Profits at Samsung Securities Co. and other securities companies in Korea dropped 28 percent in the latest fiscal year as investors traded smaller amounts of equities.

Net income at 54 brokers fell to 2.66 trillion won ($2.88 billion) in the year ended March 31, compared with 3.71 trillion won a year earlier, the nation's Financial Supervisory Service said in an e-mailed statement today.


Read more at Bloomberg Emerging Markets News

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