Seoul: NH Investment and Securities Co. announced a significant increase in its second-quarter net income, reaching 256.9 billion won (US$185 million), which marks a 30.3 percent rise compared to the same period last year.
According to Yonhap News Agency, the company also reported an operating profit of 321.9 billion won for the April-June period, showing a 19.7 percent increase from the previous year. Revenue for the quarter surged by 73.2 percent, totaling 4.17 trillion won.
The company's earnings surpassed market expectations, as analysts had predicted an average net profit of 232.6 billion won. This estimate was based on a survey conducted by Yonhap Infomax, the financial data unit of Yonhap News Agency.