BNK Financial Group Inc. on Wednesday reported its third-quarter net profit of 218.4 billion won (US$157.8 million), up 2.9 percent from a year earlier.

The company said in a regulatory filing that operating income for the July-September period fell 10.1 percent on-year to 241.5 billion won. Sales decreased 2.7 percent to 2.28 trillion won.

The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 225.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency