South Korean financial group KB Financial Group said Friday its second-quarter earnings more than doubled from a year ago after last year’s one-off profit-loss factor was removed.
The financial group’s net profit in the April-June period came in at 398.4 billion won ($388.2 million), soaring from 165.3 billion won in the previous year, the group said in a regulatory filing.
Shares of KB Financial rose about 1 percent to 36,750 won, lifted by the second quarter performance.
The on-year jump came as KB Financial shrugged off a one-off loss factor from last year. The financial group suffered from a securities-related expense of 120.6 billion won a year ago.
The group’s assets totaled 393.2 trillion won as of end-June, with that of its flagship Kookmin Bank reaching 292.6 trillion won. (Yonhap)
![[Exclusive] Hyundai Mobis eyes closer ties with BYD](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050044_0.jpg)
![[Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/25/20241125050072_0.jpg)
