SEOUL - JB Financial Group Co. announced a 5.2 percent rise in net profit for the first quarter of the year, reaching 176.1 billion won ($127.6 million). This figure surpasses analysts' expectations, signaling robust financial performance.
According to Yonhap News Agency, the operating profit for the January-March period also saw an increase, rising 2.1 percent year-on-year to 228 billion won. Total revenue for the quarter grew by 13.1 percent to 1.14 trillion won. These results exceeded the average net profit estimate of 172.9 billion won forecasted by analysts, as surveyed by Yonhap Infomax, the financial data firm of Yonhap News Agency.