Samsung Sec Q2 net near doubles on stronger commissions

SEOUL, Oct 30 - Samsung Securities Co <016360.KS> reported on Friday its quarterly net profit almost doubled as global financial markets' stabilisation and an equities rebound helped boost earnings from stockbroking commissions.

South Korea's top brokerage by market value said July-September net profit rose to 57.5 billion won ($48.6 million) from 29.7 billion won a year ago, missing an average forecast for a profit of 76.6 billion won, according to Thomson Reuters I/B/E/S.

Shares in Samsung Securities rose 1.33 percent in July-September, underperforming the benchmark KOSPI's <.KS11> 20.36 percent gain.

Samsung Securities begins its fiscal year in April.