Korea Investment Holdings Co. on Monday reported its second-quarter net income of 281.1 billion won (US$204.7 million), up 27.8 percent from a year earlier.
Operating profit for the April-June period was 299.5 billion won, up 17.1 percent from a year ago, the company said in a regulatory filing. Revenue fell 0.8 percent to 5.75 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 226.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency