Finance

NH NongHyup Financial posts record nine-month net profit of 2.53 trillion won, up 11.9 percent

NH NongHyup Financial Group posted a record net profit of 2.53 trillion won for the first nine months of the year, up 11.9 percent from a year earlier. The company said interest income rose on loan growth centred on corporate finance and funding cost management. Non-interest income increased as capital-market affiliates such as securities and asset management delivered strong results. Third-quarter net profit fell from the previous quarter.

Finance

NH Investment & Securities Q3 operating profit 5.2 billion won, up 33.2 percent on year

NH Investment & Securities posted third-quarter operating profit of 521.1 billion won, up 33.2 percent from a year earlier, according to a preliminary tally disclosed on Oct. 26. Revenue rose 149.2 percent to 6.78 trillion won and net profit increased 35.5 percent to 383.6 billion won. The operating profit topped the market forecast compiled by Yonhap Infomax of 485.5 billion won by 7.3 percent.