BNK Financial Group Reports 2.9% Rise in Q3 Net Profit to 218.4 Billion Won.

seoul: BNK Financial Group Inc. announced on Wednesday a net profit of 218.4 billion won (US$157.8 million) for the third quarter, marking a 2.9 percent increase compared to the same period last year. According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating income for the July-September period experienced a 10.1 percent decline on-year, amounting to 241.5 billion won. Additionally, sales saw a 2.7 percent decrease, totaling 2.28 trillion won. Despite the rise in net profit, BNK Financial Group's earnings did not meet market expectations. Analysts had projected an average net profit of 225.3 billion won, based on a survey conducted by Yonhap Infomax, the financial data firm associated with Yonhap News Agency.