BNK Financial Group Inc. on Wednesday reported its second-quarter net profit of 248.2 billion won (US$179.9 million), up 15.5 percent from a year earlier.

Operating profit for the April-June period was 294.3 billion won, up 5.5 percent from a year ago, the company said in a regulatory filing. Sales rose 8 percent to 2.48 trillion won.

The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 219.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency