Woori Financial Group Inc.

07/21/2021 | Press release | Distributed by Public on 07/21/2021 05:27

Woori Financial Group's Preliminary Financial Performance Figures for the First Half of 2021 (Form 6-K)

Woori Financial Group's Preliminary Financial Performance Figures

for the First Half of 2021

The preliminary financial performance figures for Woori Financial Group for the six-month period ended on June 30, 2021, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item

1H 2021

2H 2020

% Change
Increase
(Decrease)

1H 2020

% Change
Increase
(Decrease)

Revenue*

Specified Half 13,105,199 13,967,286 -6.17 14,687,686 -10.77
Cumulative Basis 13,105,199 28,654,972 - 14,687,686 -10.77

Operating Income

Specified Half 1,983,451 907,796 118.49 1,172,598 69.15
Cumulative Basis 1,983,451 2,080,394 - 1,172,598 69.15

Income before Income Tax Expense

Specified Half 2,017,357 967,402 108.53 1,033,849 95.13
Cumulative Basis 2,017,357 2,001,251 - 1,033,849 95.13

Net Income

Specified Half 1,536,903 741,216 107.35 774,033 98.56
Cumulative Basis 1,536,903 1,515,249 - 774,033 98.56

Profit to the Equity Holders of the Parent Entity

Specified Half 1,419,747 646,702 119.54 660,564 114.93
Cumulative Basis 1,419,747 1,307,266 - 660,564 114.93

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).

Woori Bank's Preliminary Financial Performance Figures

for the First Half of 2021

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the six-month period ended on June 30, 2021, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

Item

1H 2021

2H 2020

% Change
Increase
(Decrease)

1H 2020

% Change
Increase
(Decrease)

Revenue*

Specified Half 11,759,497 13,002,729 -9.56 13,836,037 -15.01
Cumulative Basis 11,759,497 26,838,766 - 13,836,037 -15.01

Operating Income

Specified Half 1,654,986 888,062 86.36 1,037,630 59.50
Cumulative Basis 1,654,986 1,925,692 - 1,037,630 59.50

Income before Income Tax Expense

Specified Half 1,687,059 884,074 90.83 903,916 86.64
Cumulative Basis 1,687,059 1,787,990 - 903,916 86.64

Net Income

Specified Half 1,283,430 688,232 86.48 682,073 88.17
Cumulative Basis 1,283,430 1,370,305 - 682,073 88.17

Profit to the Equity Holders of the Parent Entity

Specified Half 1,279,342 685,287 86.69 677,937 88.71
Cumulative Basis 1,279,342 1,363,224 - 677,937 88.71

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).