SEOUL, Oct. 27 (Yonhap) — Industrial Bank Of Korea reported its third-quarter net income of 731.6 billion won (US$539.6 million) on Friday, a 3.8 percent decrease from the year prior.
The company mentioned in a regulatory filing that its operating profit for the quarter was 968.5 billion won, contrasting with 1.04 trillion won in the same period last year. Revenue dropped 30.6 percent to 7.71 trillion won.
The earnings were in line with market predictions. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average forecast for net profit was 738.3 billion won.
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