Hana Financial Group Inc. on Friday reported its first-quarter net profit of 1.04 trillion won (US$756.6 million), down 6.1 percent from a year earlier.
The company said in a regulatory filing that it posted 1.56 trillion won in operating profit for the quarter, compared with 1.51 trillion won a year ago. Revenue rose 0.2 percent to 22.43 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 864.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency