SEOUL, JB Financial Group Co. on Tuesday reported a third-quarter net profit of 173 billion won (US$128.8 million), up 0.8 percent from a year earlier.
JB Financial's operating profit for the quarter was flat at 230.6 billion won, the company said in a regulatory filing. Third-quarter sales rose 25.9 percent to 1.04 trillion won.
The third-quarter net income beat market expectations. The average estimate of the net profit by analysts stood at 159.5 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency