NH Investment and Securities Co. on Thursday reported its first-quarter net profit of 225.5 billion won (US$163.9 million), up 22.4 percent from a year earlier.
The company said in a regulatory filing that operating profit for the January-March period rose 10.1 percent on-year to 276.9 billion won. Revenue decreased 15.3 percent to 3.15 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 179.5 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency