Hyundai Motor Securities Co., Ltd.KRX: 001500

Hyundai Motor Securities: Net income dropped 33% year-over-year to ₩35.8B, with strong capital and ongoing PF risks

· Issued by Hyundai Motor Securities Co., Ltd.

Net income for the nine months ended September 2024 fell 33% year-over-year to ₩35.8 billion, with operating revenue up 2% to ₩1,161.5 billion. The net capital ratio remained strong at 479.17%, while IB segment losses and real estate PF risks weighed on results.

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