Consolidated FY11 Q3 net revenue was KRW243bn due to market turbulence and one-off costs.
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Non-consolidated net revenue decreased 23% q-q because of one-off costs and drop in brokerage & ELS revenue.
Net income recorded KRW9bn, down KRW2bn from the previous quarter, as G&A expenses rose slightly. Net revenue decreased 17% as the domestic futures market shrank due to less volatility.
As a result of rise in competition and market instability, net loss3) recorded KRW17bn, down KRW3bn from Q2.
Total turnover decreased by 8% due to external market instability and seasonal market slowdown at year-end while online participation rate increased to 62% from 56% due to high market volatility.
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By GlobalDataMarket share was similar to the previous quarter, but commission revenue fell 10% due to less market turnover (Q2 KRW110bn ? Q3 KRW99bn).
Interest income remained stable as loan-payable balance decreased 6% q-q despite customer’s deposit and margin loan balance fell 8% and 17% respectively (Q2 KRW38bn ? Q3 KRW37bn).
