Hana Financial Group Inc. on Friday reported its second-quarter net profit of 1.04 trillion won (US$754.7 million), up 11.7 percent from a year earlier.

The company said in a regulatory filing that it posted 1.35 trillion won in operating profit for the quarter, compared with 1.33 trillion won a year ago. Revenue rose 29.8 percent to 19.71 trillion won.

The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 980.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency