Shinhangroup Q3 net profit up 4 pct to 1.26 tln won

Shinhangroup on Friday reported its third-quarter net income of 1.26 trillion won (US$913.5 million), up 4 percent from a year earlier.The company said in a regulatory filing that it posted 1.79 trillion won in operating profit for the quarter, compared with 1.7 trillion won a year ago. Sales fell 30.2 percent to 11.62 trillion won.The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 1.34 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.Source: Yonhap News Agency