Seoul: Hana Financial Group reported a first-quarter net income of 1.13 trillion won (US$793.5 million), reflecting a 9.3 percent increase from the previous year.
According to Yonhap News Agency, the company revealed in a regulatory filing that it achieved an operating profit of 1.48 trillion won for the quarter, which is a decrease from the 1.56 trillion won recorded a year ago. Additionally, sales dropped by 24.6 percent to 16.92 trillion won.
The earnings surpassed market expectations, as analysts had anticipated an average net profit of 1.05 trillion won. This estimate was based on a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.