SEOUL, - Woori Financial Group Inc. on Thursday reported its third-quarter net profit of 918.2 billion won (US$675.2 million), down 1.6 percent from a year earlier.
Operating income for the July-September period was 1.22 trillion won, down 3.7 percent from a year ago, the company said in a regulatory filing. Revenue fell 51.6 percent to 9.88 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 835.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency