Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the third quarter of 2005, with data reported as of October 26, 2005. The filing presents preliminary, unaudited consolidated financial performance figures for the nine-month period ended September 30, 2005.
Key Financial Metrics
All figures are in millions of KRW unless otherwise noted.
| Metric | 3Q 2005 | Cumulative 9M 2005 |
|---|---|---|
| Operating Revenue | 3,340,892 | 10,460,157 |
| Operating Profit | 518,518 | 1,562,146 |
| Recurring Profit | 489,960 | 1,676,111 |
| Net Income | 557,289 | 1,384,145 |
The filing does not provide specific data regarding cash flow, debt levels, liquidity ratios, or explicit margin percentages.
Material Changes vs. Prior Periods
- Quarter-over-Quarter (3Q 2005 vs. 2Q 2005): Operating revenue declined by 1.39%, while operating profit dropped significantly by 14.56%. Recurring profit fell by 26.21%. Conversely, Net Income increased by 19.89%.
- Year-over-Year (3Q 2005 vs. 3Q 2004): Operating revenue grew by 26.62%. Operating profit surged by 220.06%, and recurring profit increased by 79.11%. Net Income rose by 120.73%.
- Cumulative Growth (9M 2005 vs. 9M 2004): Operating revenue increased by 21.82%. Operating profit grew by 194.67%, recurring profit by 198.84%, and Net Income by 224.32%.
Outlook, Risks, and Unusual Items
The filing contains no specific management commentary, forward-looking guidance, or discussion of risks and contingencies. The document explicitly states that the figures are preliminary interim numbers and have not been reviewed by independent auditors, meaning they are subject to adjustment.
Investor Verification Checklist
- Verify the final audited figures for the third quarter and nine-month period of 2005, as current data is preliminary.
- Investigate the divergence between the decline in operating/recurring profit and the increase in Net Income for the quarter.
- Confirm the specific components of revenue and expense driving the significant year-over-year profit growth.
- Review subsequent filings for details on debt, liquidity, and cash flow, which are absent in this summary.