Mirae Asset Securities is on course to reach a 1 trillion won ($720.72 million) milestone in yearly operating profit again after setting such an achievement in 2021.

According to the securities arm of Mirae Asset Financial Group, Friday, it logged 914.5 billion won in accumulated operating profit in the first nine months of 2024.

Headquarters of Mirae Asset Group, the parent company of Mirae Asset Securities, in downtown Seoul / Courtesy of Mirae Asset Securities

The achievement came as the company saw a whopping 114.2 percent surge from a year earlier in its July-September operating profit, which amounted to 370.8 billion won.

Industry sources deem Mirae Asset Securities as being likely to sustain this pace of growth in the fourth quarter of 2024, noting that its businesses have been stable in both advanced and emerging markets.

"In other words, the company has a high chance to exceed 1 trillion won in operating profit this year," a source said.

The company reached the milestone in 2021 when its yearly operating profit totaled 1.48 trillion won.

In a press release, Mirae Asset Securities said it "managed to promptly deal with internal and external financial circumstances that could heighten market volatility."

For the third quarter, the company posted sales of 5.44 trillion won. The amount was up 19.2 percent from the previous year.

The net profit jumped 277.4 percent year-on-year to 290.1 billion won in the cited period.

Among its overseas corporate entities, Mirae Asset Securities India is ranked ninth in online securities sales and 15th in offline and online sales combined in the local securities market.

The company aims to become India's fifth-largest securities firm when its ongoing acquisition deal with local securities company Sharekhan is completed by the end of the year.

In New York, the company plans to launch Wealthspot, an AI-driven investment firm, this month to enhance its AI-based management and asset allocation capabilities.