| Mobile Web

Search results for Volatility

Finance

KB Financial nine-month net profit nears 5.8 trillion won, up 13.1 percent

KB Financial Group posted nearly 5.8 trillion won in net profit for the first nine months, lifted by higher fee income at its securities and banking units. The group said profit rose 13.1 percent from a year earlier, though third-quarter net profit fell 4.3 percent from the previous quarter as stock trading value declined and higher market rates weighed on non-interest income. Fee income surged year-on-year, while third-quarter non-interest income dropped sharply.

Industry

Hanwha Solutions posts 90.5 billion won Q3 operating profit, swings to profit year on year

Hanwha Solutions said on Wednesday it posted third-quarter consolidated sales of 3.95 trillion won and operating profit of 90.5 billion won, swinging to profit from a year earlier. Sales rose 17.4 percent year on year and the operating margin was 2.3 percent. Compared with the prior quarter, sales and profit declined, while net profit fell to 68.5 billion won. Renewables remained profitable, while the chemicals unit posted an operating loss.

Crypto

XRP 22,000 percent long-term return claim fuels debate over entry timing

A debate has broken out among cryptocurrency investors over XRP’s long-term cumulative return. A claim that XRP has risen about 22,000 percent since launch was met with pushback that performance differs sharply depending on when investors bought. Critics said most gains accrued to those who entered before 2017, while later buyers faced losses. Examples comparing Bitcoin and XRP investments highlighted how entry timing can outweigh headline lifetime returns.