Samsung Fire & Marine Insurance Reports Q1 Net Profit of 164 Billion KRW, Down 28.9% Year-on-Year

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 14th that its net profit for the first quarter was tentatively estimated at 164 billion KRW, a 28.9% decrease compared to the same period last year.

Sales amounted to 4.8605 trillion KRW, a 5.9% increase from the same period last year, while operating profit fell 23.8% to 252.2 billion KRW.

Net profit based on consolidated financial statements was 179.1 billion KRW, down 22.7% compared to the same period last year.

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