JB Financial, Net Profit of 362.1 Billion KRW Last Year... Up 12.8% YoY
[Asia Economy Reporter Kim Min-young] JB Financial Group announced on the 12th through its earnings report that it recorded a net profit of 362.1 billion KRW last year. This represents a 12.8% increase compared to 321.0 billion KRW the previous year.
Net income attributable to controlling interests was 341.9 billion KRW, a sharp rise of 41.6% from 241.5 billion KRW the previous year. Operating profit also increased by 16.4% to 484.9 billion KRW compared to the previous year.
JB Financial explained the profit growth as "a factor of the expanded revenue base due to the stable growth of group affiliates."
The core subsidiary, Jeonbuk Bank, led the growth by recording a net profit of 124.1 billion KRW, an 8.9% increase from the previous year. Gwangju Bank also earned 172.7 billion KRW, up 12.5% from the previous year.
Another major affiliate, JB Woori Capital, posted a solid performance with a profit of 81.7 billion KRW.
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On this day, JB Financial Group announced that it resolved to pay a cash dividend of 300 KRW per common share.
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