DGB Financial Group on Thursday reported its first-quarter net profit of 113 billion won (US$82.1 million), down 36.4 percent from a year earlier.
The company said in a regulatory filing that it posted 158.5 billion won in operating profit for the quarter, compared with 229.3 billion won a year ago. Revenue fell 10.7 percent to 2.12 trillion won.
The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 122.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency
