Heungkuk Fire&Marine Insurance recorded a ceiling price during trading on the 16th. Heungkuk Fire&Marine Insurance noted that its net profit for the first quarter increased by 205.1% compared to the same period last year during its earnings announcement on the 15th, which seems to have attracted investor sentiment.
As of 2:06 p.m. on that day, Heungkuk Fire&Marine Insurance saw its stock rise by 2,310 won (29.88%) to reach a ceiling price of 10,040 won compared to the previous trading day. Heungkuk Fire&Marine Insurance is also trading at 4,010 won, an increase of 505 won (14.41%) from the previous trading day.
Heungkuk Fire&Marine Insurance disclosed that it recorded a net profit of 119.6 billion won and an operating profit of 144.7 billion won for the first quarter of this year. These figures are increases of 205.1% and 135%, respectively, compared to the same period last year. While the insurance profit remained at 59.1 billion won, marking a 58% decrease during the same period, the investment profit turned from a loss of 78.4 billion won last year to a profit of 85.6 billion won this year, driving the improvement in performance.