On Tuesday, BNK Financial Group Inc. reported its third-quarter net income of 212.3 billion won (US$157.1 million), representing a decrease of 18.4 percent from the same period a year prior.
The organization revealed in a regulatory filing that its operating income for the July-September period dropped 26.9 percent year-on-year to 267.5 billion won. Revenue, however, rose 13.2 percent to 2.34 trillion won.
The earnings surpassed market expectations, with the average estimate of net profit by analysts standing at 209.3 billion won, according to a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.
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