DGB Financial Group Reports 7.7 Percent Decline in Q3 Net Income

SEOUL — DGB Financial Group disclosed its third-quarter financial performance on Monday, reporting a net profit of 120.3 billion won (US$89.1 million), a 7.7 percent drop compared to the same period last year.

According to Yonhap News Agency, the operating profit for the July-September period also decreased, falling 11 percent year-on-year to 158.3 billion won. Sales for the quarter dipped 12.6 percent to 1.86 trillion won. Despite the decline, the earnings were in line with market expectations. A survey by Yonhap Infomax, the financial data arm of Yonhap News Agency, indicated that the average net profit estimate by analysts was 121.2 billion won.

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