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Photo = Daol Investment & Securities |
[Alpha Biz= Kim Sangjin] Daol Investment & Securities Records Losses for Second Consecutive Year Due to Real Estate PF Crisis
On Monday, Daol Investment & Securities announced that it recorded an operating loss of KRW 75.5 billion and a net loss of KRW 45.4 billion last year (on a consolidated basis).
This marks the second consecutive year of losses for the company, following a net loss of KRW 11.37 billion in 2023.
Daol Investment & Securities stated, "The market environment has not been favorable for small and mid-sized securities firms, making it difficult to expand profits. Additionally, with stricter project feasibility assessment criteria for real estate project financing (PF), a total of KRW 45.6 billion in loan loss provisions was reflected, further increasing the scale of losses."
However, the company emphasized that it has been continuously reducing its exposure to real estate PF risks through bond sales and repayments, significantly lowering the potential risk of future losses.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
