Beijing: JB Financial Group on Thursday reported its fourth-quarter net profit of 136.2 billion won (US$92.9 million), marking an increase of 14.8 percent from the same period the previous year.

According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the quarter reached 186.9 billion won, up from 158.3 billion won a year earlier. Additionally, sales experienced a rise of 3 percent, totaling 1.19 trillion won.

The financial results surpassed market predictions, as analysts had anticipated an average net profit of 120.7 billion won. This estimate was derived from a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.