Shinhan Financial Group Q3 net profit up 10.9% to $1.2 bil.
Shinhan Financial Group on Tuesday reported a third-quarter net income of 1.6 trillion won ($1.2 billion), up 10.9 percent from a year earlier. Operating profit for the July-September period stood at 1.9 trillion won, down 2.4 percent from a year ago, the financial conglomerate said in a regulatory filing. Revenue rose 95.9 percent to 18.64 trillion won. The earnings met market expectations. The…
Shinhan Financial Group reported a third-quarter net income of 1.6 trillion won ($1.2 billion) on Tuesday, representing a 10.9 percent increase from the previous year. According to The Korea Times, revenue for the period rose 95.9 percent to 18.64 trillion won, while operating profit fell 2.4 percent from a year ago to 1.9 trillion won.
The company's earnings met market expectations. The Korea Times noted that the average net profit estimate by analysts was 1.61 trillion won.
Brief written by urgent.news from The Korea Times, The Business Times - Companies & Markets — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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