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    A105560   KR7105560007

KB FINANCIAL GROUP INC.

(A105560)
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KB Financial : First Half Preliminary Operating Results (Form 6-K)

07/22/2021 | 08:28am EDT

2021 First Half Preliminary Operating Results

On July 22, 2021, KB Financial Group Inc. ('KB Financial Group') held an earnings conference and released its preliminary operating results for the first half of fiscal year 2021. The following tables reflect the key figures released during the conference. The presentation materials for the conference, which contain further details, are available at KB Financial Group's website (http://www.kbfg.com).

The preliminary figures presented herein are based on International Financial Reporting Standards as adopted by the Republic of Korea ('K-IFRS') and are currently being reviewed by KB Financial Group's independent auditors and are subject to change.

1. Preliminary Operating Results of KB Financial Group (Consolidated)

(Won in millions, %)

2Q 2021 1Q 2021 % Change
Increase
(Decrease)

(Q to Q)
2Q 2020 % Change
Increase
(Decrease)

(Y to Y)

Operating revenue

Specified Quarter 12,241,668 17,584,415 (30.38 ) 10,723,771 14.15
Cumulative 29,826,083 17,584,415 - 29,996,908 (0.57 )

Net operating profit

Specified Quarter 1,673,748 1,746,826 (4.18 ) 1,390,455 20.37
Cumulative 3,420,574 1,746,826 - 2,429,574 40.79

Profit before income tax

Specified Quarter 1,666,918 1,786,430 (6.69 ) 1,376,206 21.12
Cumulative 3,453,348 1,786,430 - 2,395,602 44.15

Profit for the period

Specified Quarter 1,207,423 1,285,160 (6.05 ) 992,477 21.66
Cumulative 2,492,583 1,285,160 - 1,731,414 43.96

Profit attributable to shareholders of the parent company

Specified Quarter 1,204,276 1,270,015 (5.18 ) 981,886 22.65
Cumulative 2,474,291 1,270,015 - 1,711,340 44.58
Note:

'Operating revenue' represents the sum of interest income, fee and commission income, insurance income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.

2. Preliminary Operating Results of Kookmin Bank (Consolidated)

(Won in millions, %)

2Q 2021 1Q 2021 % Change
Increase
(Decrease)

(Q to Q)
2Q 2020 % Change
Increase
(Decrease)

(Y to Y)

Operating revenue

Specified Quarter 4,673,682 8,417,048 (44.47 ) 4,520,138 3.40
Cumulative 13,090,730 8,417,048 - 13,532,177 (3.26 )

Net operating profit

Specified Quarter 1,025,064 951,383 7.74 903,727 13.43
Cumulative 1,976,447 951,383 - 1,736,331 13.83

Profit before income tax

Specified Quarter 1,004,117 971,265 3.38 913,181 9.96
Cumulative 1,975,382 971,265 - 1,710,562 15.48

Profit for the period

Specified Quarter 737,617 690,567 6.81 670,931 9.94
Cumulative 1,428,184 690,567 - 1,257,278 13.59

Profit attributable to shareholders of the parent company

Specified Quarter 734,155 688,493 6.63 660,407 11.17
Cumulative 1,422,648 688,493 - 1,246,754 14.11
Note:

'Operating revenue' represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.

3. Preliminary Operating Results of KB Securities Co., Ltd. ('KB Securities') (Consolidated)

(Won in millions, %)

2Q 2021 1Q 2021 % Change
Increase
(Decrease)

(Q to Q)
2Q 2020 % Change
Increase
(Decrease)

(Y to Y)

Operating revenue

Specified Quarter 1,759,062 2,966,708 (40.71 ) 1,201,222 46.44
Cumulative 4,725,770 2,966,708 - 6,446,608 (26.69 )

Net operating profit (loss)

Specified Quarter 203,699 289,664 (29.68 ) 230,229 (11.52 )
Cumulative 493,363 289,664 - 209,421 135.58

Profit (Loss) before income tax

Specified Quarter 217,672 296,770 (26.65 ) 210,931 3.20
Cumulative 514,442 296,770 - 194,376 164.66

Profit (Loss) for the period

Specified Quarter 154,731 222,480 (30.45 ) 151,484 2.14
Cumulative 377,211 222,480 - 136,802 175.74

Profit (Loss) attributable to shareholders of the parent company

Specified Quarter 154,758 222,473 (30.44 ) 151,479 2.16
Cumulative 377,231 222,473 - 136,791 175.77
Notes:

1) Based on KB Securities' consolidated financial statements, as a result of which the figures differ from KB Securities' earnings results to be released at KB Financial Group's 2021 first half earnings conference, which are based on KB Financial Group's consolidated financial statements.

2) 'Operating revenue' represents operating income based on KB Securities' financial statements.

Disclaimer

KB Financial Group Inc. published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 12:27:05 UTC.


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Financials
Sales 2021 14 202 B 12,0 B 12,0 B
Net income 2021 4 285 B 3,63 B 3,63 B
Net Debt 2021 - - -
P/E ratio 2021 4,98x
Yield 2021 5,37%
Capitalization 20 651 B 17 482 M 17 512 M
Capi. / Sales 2021 1,45x
Capi. / Sales 2022 1,41x
Nbr of Employees 25 428
Free-Float 92,0%
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Mean consensus BUY
Number of Analysts 22
Last Close Price 53 000,00 KRW
Average target price 70 909,09 KRW
Spread / Average Target 33,8%
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Managers and Directors
Jong-Kyoo Yoon Chairman & Chief Executive Officer
Hwan-Joo Lee Chief Financial Officer & Senior Executive VP
Jin Soo Yoon Chief Information Technology Officer
Jong-Hee Yang Vice Chairman & Chief Operating Officer
Hye Ja Suh Managing Director & Chief Compliance Officer
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