Dongbu Insurance reports drop in operating profit, increase in sales in May

[DISCLOSURE] Dongbu Insurance (005830) reported on June 30 that in May it posted sales of 977.9 billion won, with 59.7 billion (US$51.6 million) in operating profit and 42.9 billion won net profit. The monthly sales was a 7.2 percent increase from the same period last year but the profits decreased by 27.5 percent and 28.8 percent, respectively.