Shinhan Financial Group Co Ltd. (SHG) on Thursday reported higher profit for the first quarter, primarily helped by growth in sales.
Net income from continuing operations before income tax increased to 2.2214 trillion won from 2.0056 trillion won, reflecting a year-on-year rise of 10.76%.
Operating profit rose to 2.1545 trillion won from 1.9442 trillion won, up 10.81% from the prior-year period.
Net income climbed 9.02% to 1.6226 trillion won, compared with 1.4883 trillion won a year earlier.
Sales grew to 28.4924 trillion won from 16.1160 trillion won, representing a significant year-on-year increase of 76.80%.
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