Meritz Fire & Marine Insurance Reports 464 Billion KRW Net Profit in H1, Up 58.9% YoY
[Asia Economy Reporter Changhwan Lee] Meritz Fire & Marine Insurance announced on the 11th that its net profit for the first half of this year reached 464 billion KRW, an increase of 58.9% compared to the same period last year.
Sales for the first half amounted to 5.2826 trillion KRW, and operating profit was 640.4 billion KRW, up 7.1% and 61.6% respectively from the same period last year.
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Meritz Fire & Marine Insurance explained that "net profit increased due to continuous sales growth and cost reduction through expense efficiency."
This content was produced with the assistance of AI translation services.
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