The South Korean securities firm’s investment banking activities recorded solid revenues despite the impact of Covid 19, as ‘structured products continued to grow’ during the second quarter.

Samsung’s consolidated net income climbed by 37% to KRW131.7 billion (US$111m) in the quarter ended on 30 June year-on-year (YoY) as brokerage commissions grew 1.32 times to KRW173.6 billion and trading income ‘recovered due to an improved OTC derivatives market’. Structured product revenue was up KRW5.4 billion to KRW30.5 billion YoY, but down KRW5.5 billion on the first quarter. It made up 83% of investment banking revenue, which dropped by KRW1.8 billion to KRW 36.7billion

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