ID :
198041
Fri, 07/29/2011 - 11:09
Auther :
Shortlink :
https://oananews.org//node/198041
The shortlink copeid
Samsung Fire & Marine Insurance net up 60 pct in Q2
SEOUL, July 29 (Yonhap) -- Samsung Fire & Marine Insurance Co., South Korea's top non-life insurer, said Friday that its net profit jumped 60 percent in the second quarter from a year earlier on improved margins.
Net income came to 272.5 billion won (US$258.8 million) in the April-June period, compared with 170.2 billion won a year ago, Samsung Fire said in a regulatory filing.
Sales rose 15.4 percent to 3.5 trillion won, and operating profit jumped 56.8 percent to 364.6 billion won.
Samsung Fire said the stronger bottom line was attributable to improved margins in both the insurance and investment sectors.
Shares of Samsung Fire closed up 0.21 percent at 238,500 won on the Seoul bourse.
Net income came to 272.5 billion won (US$258.8 million) in the April-June period, compared with 170.2 billion won a year ago, Samsung Fire said in a regulatory filing.
Sales rose 15.4 percent to 3.5 trillion won, and operating profit jumped 56.8 percent to 364.6 billion won.
Samsung Fire said the stronger bottom line was attributable to improved margins in both the insurance and investment sectors.
Shares of Samsung Fire closed up 0.21 percent at 238,500 won on the Seoul bourse.
