Seoul:NH Investment & Securities Co. announced a significant rise in their third-quarter net income, reaching 383.6 billion won (US$289.8 million), marking a 35.5 percent increase from the previous year.
According to Yonhap News Agency, the South Korean financial services company reported in a regulatory filing that its operating income for the July-September period rose by 33.2 percent year-on-year, amounting to 521.1 billion won. Additionally, the firm saw a substantial increase in sales, which surged by 149.2 percent to 6.77 trillion won.
These earnings figures surpassed market expectations, as the average net profit estimate by analysts was 346.1 billion won, based on a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.