[Featured Stock] KakaoBank Rises 7.54% on Record Quarterly Earnings
KakaoBank is showing strong performance following news that it achieved its highest-ever quarterly results.
![[Featured Stock] KakaoBank Rises 7.54% on Record Quarterly Earnings](http://www.asiae.co.kr/news/img_view.htm?img=2022040810131920686_1649380399.jpg)
As of 9:30 AM on the 3rd, KakaoBank was trading at 24,250 KRW, up 7.54% compared to the previous trading day.
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KakaoBank announced that its sales for the first quarter of this year increased by 65.61% year-on-year to 560.5 billion KRW, and operating profit rose by 54.29% to 136.4 billion KRW. Net profit reached 101.9 billion KRW, up 52.5%, achieving the highest-ever performance.
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