DGB Financial Group Q2 net profit down 79.6 pct to 30.8 bln won

DGB Financial Group on Monday reported its second-quarter net income of 30.8 billion won (US$22.3 million), down 79.6 percent from a year earlier. The company said in a regulatory filing that operating profit for the April-June period fell 82.6 percent on-year to 33.5 billion won. Sales decreased 0.9 percent to 2.02 trillion won. The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 61.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency