The preliminary financial performance figures for Woori Financial Group for the three-month period ended on March 31, 2024, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
Item
1Q 2024
4Q 2023
% Change
Increase
1Q 2023
% Change
Increase
(Decrease)
Revenue*
Specified Quarter
12,851,290
8,748,753
46.89
%
12,554,540
2.36
%
Cumulative Basis
12,851,290
42,033,487
-
12,554,540
2.36
%
Operating Income
Specified Quarter
1,149,233
133,345
761.85
%
1,252,000
(8.21
)%
Cumulative Basis
1,149,233
3,499,029
-
1,252,000
(8.21
)%
Income before
Specified Quarter
1,143,618
122,141
836.31
%
1,270,321
(9.97
)%
Income Tax Expense
Cumulative Basis
1,143,618
3,517,453
-
1,270,321
(9.97
)%
Net Income
Specified Quarter
839,525
94,966
784.03
%
946,622
(11.31
)%
Cumulative Basis
839,525
2,626,894
-
946,622
(11.31
)%
Profit to the Equity
Holders of the Parent Entity
Specified Quarter
824,490
68,114
1,110.46
%
913,686
(9.76
)%
Cumulative Basis
824,490
2,506,296
-
913,686
(9.76
)%
The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.
*
Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).
The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the three-month period ended on March 31, 2024, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
Item
1Q 2024
4Q 2023
% Change
Increase
1Q 2023
% Change
Increase
(Decrease)
Revenue*
Specified Quarter
11,719,621
7,652,823
53.14
%
11,468,014
2.19
%
Cumulative Basis
11,719,621
37,719,811
-
11,468,014
2.19
%
Operating Income
Specified Quarter
1,076,844
273,471
293.77
%
1,141,404
(5.66
)%
Cumulative Basis
1,076,844
3,316,958
-
1,141,404
(5.66
)%
Income before
Specified Quarter
1,067,607
265,980
301.39
%
1,155,671
(7.62
)%
Income Tax Expense
Cumulative Basis
1,067,607
3,329,434
-
1,155,671
(7.62
)%
Net Income
Specified Quarter
792,210
217,068
264.96
%
865,133
(8.43
)%
Cumulative Basis
792,210
2,515,080
-
865,133
(8.43
)%
Profit to the Equity
Holders of the Parent Entity
Specified Quarter
789,693
215,813
265.92
%
861,713
(8.36
)%
Cumulative Basis
789,693
2,505,587
-
861,713
(8.36
)%
The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.
*
Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Woori Financial Group Inc.
(Registrant)
Date: April 26, 2024
By:
/s/ Sung-Wook Lee
(Signature)
Name:
Sung-Wook Lee
Title:
Deputy President
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Woori Financial Group Inc. published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
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26 April 2024 15:00:57 UTC.
Woori Financial Group Inc. is a financial holding company. The Companyâs main subsidiary companies include Woori Bank, WOORI FIS Co., Ltd., Woori Finance Research Institute, woori credit Information co., Ltd., Woori Private Equity Asset Management Company, Ltd and WOORI FUND SERVICE LIMITED., among others. Woori Bank provides deposits, loans, funds, foreign exchange transactions, payment guarantees, securities investment, trust investment, and credit card services. WOORI FIS Co., Ltd. provides computer system installation and development, software development, telecommunication equipment supply and maintenance services. Woori Finance Research Institute conducts research activities on management strategies and the financial industry. woori credit Information co., Ltd. is engaged in credit investigation and collection of bonds. WOORI FUND SERVICE LIMITED. is engaged in private equity investment.