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.
(END)