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<a href="http://www.accessmylibrary.com/coms2/summary_0286-34083648_ITM" title="Facts and information about S. KOREAN CARD FIRMS' 2007 NET UP 14.5 PCT.">S. KOREAN CARD FIRMS' 2007 NET UP 14.5 PCT.</a>
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S. KOREAN CARD FIRMS' 2007 NET UP 14.5 PCT.
SEOUL, March 3 Asia Pulse - South Korean credit card firms saw their combined earnings rise 14.5 per cent in 2007 from a year earlier due mainly to one-off gains, the financial watchdog said Sunday.
According to the Financial Supervisory Service (FSS), the country's five credit card firms logged a combined net profit of 2.48 trillion won (US$2.64 billion) in 2007, compared with 2.16 trillion won the previous year.
"The 2007 earnings rose due to one-off factors, but their operating profit plus bad debt expenses, a barometer of profitability, fell," the watchdog said in a statement.
Shinhan Card Co. enjoyed ...
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Source: HighBeam Research, S. KOREAN CARD FIRMS' 2007 NET UP 14.5 PCT.