Samsung Card Co. reported a Q3 net profit of 161.7 billion won, down 4.2% year-on-year but beating market expectations, as card spending and loan receivables grew despite higher funding and credit loss costs.
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Samsung Card Posts Q3 Net Profit of 161.7 Billion Won, Down 4.2%—Beats Market Expectations
Samsung Card Co. reported a Q3 net profit of 161.7 billion won, down 4.2% year-on-year but beating market expectations, as card spending and loan receivables grew despite higher funding and credit loss costs.