Consumer financing firms’ profit soars in H1 on stock rally

consumer financing firms profit soars in h1 on stock rally

Sumary of Consumer financing firms’ profit soars in H1 on stock rally:

  • 16 (Yonhap) — Consumer financing firms in South Korea saw their combined net profit jump 50 percent on-year in the first half, supported by strong gains from stock rallies and a modest gain in interest income, data showed Thursday.
  • Their interest income rose 7.7 percent on-year to 3.3 trillion won in the first half, the data showed.
  • Loan-loss provisions fell 18 percent on-year to 547.4 billion won in the first half, according to the data.

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