Woori Financial Group Q3 net profit up 40.9% to 1.29 trillion won

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Woori Financial Group Q3 net profit up 40.9% to 1.29 trillion won

Woori Financial Group headquarters in central Seoul on March 17 [YONHAP]

Woori Financial Group headquarters in central Seoul on March 17 [YONHAP]

 
Woori Financial Group on Wednesday reported its third-quarter net income of 1.29 trillion won ($902.9 million), up 40.9 percent from a year earlier.
 
The company said in a regulatory filing that it posted 987.7 billion won in operating profit for the quarter, compared with 1.17 trillion won a year ago. Revenue rose 7.5 percent to 8 trillion won.
 
The earnings beat market expectations. The average estimate of net profit by analysts stood at 990.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
 

Yonhap
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