DGB Financial Group Q3 net profit down 16.6 pct to 100.4 bln won

DGB Financial Group on Monday reported its third-quarter net profit of 100.4 billion won (US$72.5 million), down 16.6 percent from a year earlier. The company said in a regulatory filing that operating profit for the July-September period fell 28.2 percent on-year to 113.7 billion won. Revenue decreased 2.2 percent to 1.8 trillion won. The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 118.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency