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  • [EQUITIES] Mirae Asset Daewoo forecasts W518b net profit in Q3
    [EQUITIES] Mirae Asset Daewoo forecasts W518b net profit in Q3
    Mirae Asset Securities on July 22 forecast that KB Financial will post a net profit of 517.8 billion won (US$453.02 million) in the third quarter to continue on a path of positive earnings.It cited improving interest rate profit margins and narrowing deficit in non-interest rate profit as reasons behind the quarterly gains. In the second quarter, KB Financial posted 580.4 billion won of net profit. The figure reflec...
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[EQUITIES] Mirae Asset Daewoo forecasts W518b net profit in Q3

July 22, 2016 - 11:21 By Korea Herald
[THE INVESTOR] Mirae Asset Securities on July 22 forecast that KB Financial will post a net profit of 517.8 billion won (US$453.02 million) in the third quarter to continue on a path of positive earnings.

It cited improving interest rate profit margins and narrowing deficit in non-interest rate profit as reasons behind the quarterly gains.

In the second quarter, KB Financial posted 580.4 billion won of net profit. The figure reflects a 70.9 percent increase on-year, and is also 30 percent higher than the market consensus.

By Kim Ji-hyun (jemmie@heraldcorp.com)
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