Hana Financial Q3 Net up 7.9% on Rise in Interest, Non-Interest Income
Woori’s earnings beat market expectations even as non-interest income fell 7.6% and a one-off factor cut quarterly profit.
- Woori Financial Group reported a net profit of 1.22 trillion won for the July-September period, demonstrating resilience despite challenging market conditions.
- The flagship unit Woori Bank posted 1.02 trillion won in third-quarter profit, sharply climbing from 736 billion won a year earlier, driving the group's overall performance.
- Hana Financial reported rising net profit for the July-September period, with operating profit reaching 1.63 trillion won compared to 1.48 trillion won a year prior.
- Revenue surged to 13.3 trillion won for Hana, supported by interest income of 7.48 trillion won in the January-September period, up 10.37 percent on-year.
- Both groups exceeded analyst expectations, with Yonhap Infomax surveys showing average estimates of 1.21 trillion won in net profit for the July-September period.
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Hana Financial Group recorded a net profit of 1.2 trillion won in the third quarter of this year, a level similar to the second quarter. While profits at the securities firm plummeted as stock investment enthusiasm cooled, the bank's performance compensated for this. Hana Financial Group posted a net profit of 1.2214 trillion won in the third quarter (July–September) based on controlling shareholders' equity.
(Seoul = Yonhap News) KOSPI-listed Woori Financial Group [316140] reported a consolidated operating profit of 1.419 trillion won for the third quarter of this year, up 43.6% from the same period last year ...
Hana Financial Group achieved its highest-ever performance, recording a cumulative net profit of 3.6243 trillion won for the third quarter, driven by an increase in interest and fee income. With Hana Bank’s earnings growth leading the entire group, the group has decided to strengthen its shareholder return policy through the buyback and cancellation of 250 billion won worth of treasury shares.
Woori Financial Group posted a net profit of 1.0492 trillion won in the third quarter of this year, marking the first time since its inception that it has achieved a net profit of over 1 trillion won for two consecutive quarters.
Hana Financial Group recorded a cumulative net income of 3.624.3 trillion won in the 3rd quarter of this year and rewrote the highest performance ever for the same period. On the 23rd, Hana Financial Group announced its management results for the 3rd quarter and revealed that the cumulative consolidated net income was calculated at 3.624.3 trillion won, an increase of 5.6% (1909 billion won) over the same period of the previous year. The sole ne…
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