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Hyundai Motor Securities: Revenue up 13.5% but net income down 32.4% as IB losses and risk provisions weighed on results
Hyundai Motor Securities: Revenue up 13.5% but net income down 32.4% as IB losses and risk provisions weighed on results
About this update from Hyundai Motor Securities Co., Ltd.
FY2024 revenue rose 13.5% to KRW 1,795.6B, but net income fell 32.4% to KRW 36.1B due to IB segment weakness and higher risk provisions. Capital adequacy and liquidity remain strong, with a 478% net capital ratio and KRW 77.3B in cash.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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