Seoul: Mirae Asset Securities Co. on Thursday reported its first-quarter net income of 258.2 billion won (US$184.8 million), marking a 53.1 percent increase from the same period last year. Operating income for the January-March period was 346.2 billion won, reflecting a 28 percent rise compared to the previous year. However, revenue saw a decrease of 3.6 percent, totaling 6.05 trillion won.

According to Yonhap News Agency, the earnings figures surpassed market expectations. Analysts had predicted an average net profit of 249 billion won, based on a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.