JB Financial Reports Slight Increase in Q3 Net Profit, Exceeding Market Expectations

SEOUL - JB Financial Group Co. announced on Tuesday that its net profit for the third quarter of 2021 was 173 billion won (US$128.8 million), a 0.8 percent increase compared to the same period last year.

According to a new release by Yonhap News Agency, JB Financial's operating profit remained stable at 230.6 billion won. Meanwhile, the company's third-quarter sales witnessed a 25.9 percent rise, amounting to 1.04 trillion won.

The reported third-quarter net income surpassed market expectations. A survey by Yonhap Infomax, the financial data arm of Yonhap News Agency, had averaged analysts' estimates for the net profit at 159.5 billion won.

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