Seoul: BNK Financial Group on Thursday reported its second-quarter net profit of 314.5 billion won (US$226.2 million), marking a 26.7 percent increase from the same period last year.
According to Yonhap News Agency, the company revealed in a regulatory filing that its operating profit for the quarter reached 255.9 billion won, a decrease from the 294.3 billion won reported a year ago. Despite this decline in operating profit, the group's revenue saw a 4.7 percent rise, totaling 2.6 trillion won.
The reported earnings surpassed market expectations, as analysts had projected an average net profit of 252.5 billion won, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.