DB Insurance Reports H1 Net Profit of 349.4 Billion KRW, Up 69.4% YoY
[Asia Economy Reporter Oh Hyung-gil] DB Insurance announced on the 12th that its net profit for the first half of the year increased by 69.4% compared to the same period last year, reaching 349.4 billion KRW.
During the same period, sales amounted to 6.9039 trillion KRW, up 8.1%, and operating profit grew by 71.1% to 468.4 billion KRW.
In the second quarter, sales and operating profit were 3.5366 trillion KRW and 289.8 billion KRW, respectively, increasing by 8.9% and 100.1% compared to the same period last year.
Net profit rose by 97.9% to 211.8 billion KRW compared to the same period last year.
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DB Insurance explained that insurance operating losses improved by 93.8 billion KRW to 230.1 billion KRW in the first half, compared to the same period last year, and investment operating profit increased by 16.9% from 597.7 billion KRW last year to 698.6 billion KRW.
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