SEOUL — DGB Financial Group reported a significant drop in net income for the second quarter, with earnings falling 79.6% to 30.8 billion won (US$22.3 million). This decrease is stark compared to the performance a year earlier, highlighting challenges the financial institution faces amid broader market conditions.
According to Yonhap News Agency, DGB Financial Group's operating profit also saw a dramatic decline, down 82.6% on-year to 33.5 billion won. The company's total sales slightly decreased by 0.9% to 2.02 trillion won. These figures fell short of market expectations, where analysts surveyed by Yonhap Infomax anticipated a net profit of around 61.6 billion won.