Hana Financial posts record Q1 profit on strong fee income

Hana Financial Group said Friday its first-quarter net profit achieved a record high, driven by robust fee income as it works to diversify its banking-dependent revenue base. The group posted consolidated net profit of 1.21 trillion won ($816 million) in the January-March period, up 7.3 percent from a year earlier and more than double the 569.4 billion won recorded in the previous quarter, beating market expectations. The figure mark the group’s highest-ever quarter net profit, surpassing its pr

By The Korea Herald