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지나쌤

KB Financial net doubles in Q2

By Korea Herald

Published : July 25, 2014 - 21:37

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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)

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