Seoul: KB Financial Group reported a second-quarter net income of 1.74 trillion won (US$1.3 billion), marking a 2.1 percent increase from the same period last year.
According to Yonhap News Agency, the group's operating profit for the April-June quarter was 2.13 trillion won, which is a decrease of 7.4 percent compared to the previous year. Meanwhile, sales experienced a significant rise of 21.5 percent, reaching 24.2 trillion won.
The company's earnings surpassed market expectations, as analysts had projected an average net profit of 1.64 trillion won based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.