Seoul:<Text>

Hana Financial Group reported a net profit of 1.23 trillion won (US$830.5 million) for the first quarter, marking an 8.1 percent increase from the previous year.

According to Yonhap News Agency, the company's regulatory filing revealed that operating income for the January-March period rose 11.1 percent year-on-year to 1.65 trillion won, while revenue experienced a significant surge of 71.4 percent, reaching 29 trillion won.

The earnings surpassed market expectations, as analysts had estimated an average net profit of 1.12 trillion won, based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.