NH Investment & Securities Reports 743.9% Surge in Q3 Net Income, Yet Falls Short of Expectations

SEOUL - NH Investment & Securities Co. revealed a substantial increase in its third-quarter net income, up 743.9 percent from a year earlier.

According to a new release by the Yonhap News Agency, the net income for the July-September period was 100.7 billion won (US$74.1 million).

The firm also reported an operating profit of 118.4 billion won for the quarter, marking a 72.9 percent year-on-year increase. Despite the gains, revenue for the quarter fell by 30.8 percent to 2.57 trillion won. The financial performance did not meet market expectations; analysts had projected an average net profit of 117 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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