SEOUL — Meritz Financial Group Inc. announced a significant increase in its second-quarter net profit on Wednesday, with figures reaching 736.2 billion won (US$541.1 million), a 27.7 percent rise from the previous year.
According to Yonhap News Agency, Meritz Financial also saw its operating income for the April-June period climb 32.3 percent to 1 trillion won. However, despite the strong performance in profits and operating income, the company’s sales experienced a decline, falling 14.4 percent to 11.22 trillion won. This mixed financial performance highlights the complex economic environment in which Meritz Financial operates, balancing substantial income growth against a backdrop of decreasing sales revenue.