DB Insurance's Q2 Net Income Jumps 55%; Shares Surge 8%

MT Newswires Live

08/13

DB Insurance Co (KRX:005830) posted a 55% year-over-year increase in net income to 711.1 billion won from 459.9 billion won for the second quarter, according to a Wednesday filing with the Korean Exchange.

Sales fell 3.7% to 5.313 trillion won from 5.517 trillion won for the three months ended June 30.

Shares of the non-life insurance company surged nearly 8% in recent trade.

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