KakaoBank Corp. (323410.KS), a South Korean Internet bank, on Tuesday reported declined earnings in the third quarter despite improved sales in the interim report.
For the third quarter ended, Net income slipped 10.28 percent to 111.39 billion Korean won from 124.17 billion Korean won in the year ago.
Pre-tax Net income from continuing operation declined 12.43 percent to 147.99 billion won from 168.99 billion won in the prior year.
Sales, however, improved 2.45 per cent to 764.66 billion won from 746.34 billion won in the year ago.
On the Korean Stock Exchange, the shares had closed 2.82 % lower at 22,400 Korean won.
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