Woori Financial Group Reports Q1 Net Profit of 600 Billion Won… Down 2.1% Year-on-Year

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Woori Financial Group announced on the 24th that its net profit for the first quarter of this year was 603.8 billion won (consolidated basis), down 2.1% from the same period last year. This performance fell approximately 20% short of market expectations (about 815 billion won). The decline in growth was attributed to Woori Bank, a core affiliate, setting aside 100 billion won in one-time provisions related to overseas subsidiaries. The group's l…

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[Digital Daily Reporter Lee Ho-yeon] Woori Financial Group disclosed on the 24th that its net profit for the first quarter of this year was 603.8 billion won, a 2.1% decrease compared to the same period last year. This performance fell significantly short of market expectations (approximately 815 billion won). Woori Financial Group explained, "This result reflects a decline in profits related to securities and exchange rates due to the sharp in…