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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.