JB Financial Group Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 01, 2018 at 11:32 pm EDT
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JB Financial Group reported earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net income of KRW 99.1 billion, or KRW 648 per common share against KRW 83.5 billion, or KRW 546 per share a year ago. In terms of net income in controlling interests, the group reported KRW 72.6 billion, or KRW 475 per share, up 21.9% year over year.
For the nine months, the company reported ROE and ROA of 11.1% and 0.8%, respectively. The cumulative third quarter net income in controlling interests came in at KRW 211.0 billion, up 23.5% year over year.
JB Financial Group Co Ltd is a Korea-based holding company mainly engaged in the financial industry. The Company operates its business through three segments. The Banking Business segment engages in the business of supplying funds in the form of short- and long-term loans to recipients of funds, using funds acquired in the form of deposits from the general public as the main source. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Other segment engages in collective investment business such as asset management business, investment advisory business, and discretionary investment business. In addition, this segment provides financial support and business management for subsidiaries.
JB FINANCIAL GROUP CO., LTD. 
