SEOUL, Oct. 26 (Yonhap) — NH Investment & Securities Co. reported on Thursday that its third-quarter net income rose to 100.7 billion won (US$74.1 million), a jump of 743.9 percent from the same period a year ago.
Operating profit for the July-September period was 118.4 billion won, an increase of 72.9 percent from the same period in 2019. Revenue, however, dropped 30.8 percent to 2.57 trillion won.
The earnings were lower than what the market had anticipated. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average forecast for net profit was 117 billion won.
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