, Korea

Woori Finance net profit up 8.3% in Q3

Increased interest income and lower credit costs push Woori Finance's third-quarter earnings up 8.3 percent from a year earlier.

 

Net profit came to 520 billion won or US$467 million in the July-September period, compared with 480.2 billion won during the same period a year earlier, the group said in a regulatory filing.

In the first 9 months of the year, the financial group's net income jumped 47.1 percent on-year to 1.8 trillion won.

Revenue jumped 22.5 percent on-year to 10.9 trillion won, while operating profit slumped 10.7 percent to 692.5 billion won.

The third-quarter bottom line was better than the market consensus of 484 billion won in a poll of 18 analysts by Yonhap Infomax, the financial news arm of Yonhap News Agency.

For the full story, click here.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!