Meritz Financial Group Q2 Earnings Increase by 20.1 Percent to 591.5 Billion Won


On Monday, Meritz Financial Group Inc. announced its second-quarter net income of 591.5 billion won (US$444.4 million), a 20.1 percent rise from the same time last year.

The company disclosed in a regulatory filing that operating income for the April-June period was 780.1 billion won, a 16.4 percent increase from the previous year. Revenue, however, dropped 22.5 percent to 13.13 trillion won.

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