By Kwanwoo Jun
Hana Financial Group Inc.'s second-quarter net profit rose 4.2%, thanks to solid growth in its credit-card and other nonbanking businesses.
Net profit was 693.86 billion won ($579.5 million), compared with KRW665.88 billion a year earlier, the South Korean company said Thursday. The result beat a FactSet consensus forecast for net profit of KRW568.23 billion.
Revenue for the quarter fell 43% to KRW6.234 trillion and operating profit dropped 4.4% to KRW937.36 billion.
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