WF

Business Context and Reporting Period

This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the first quarter of 2005, specifically the three-month period ended March 31, 2005. The report was filed on April 28, 2005. The financial data presented is on a non-consolidated basis and represents preliminary figures that have not been reviewed by independent auditors.

Key Financial Metrics

The following key earnings figures are reported in billions of Korean Won (KRW):

The filing text does not provide specific values for cash flow, debt levels, liquidity ratios, or profit margins beyond the absolute profit figures listed above.

Material Changes Versus Prior Period

• Revenue Growth: Operating revenue increased by 17.1% year-over-year, rising from 3,193 billion KRW in 1Q 2004 to 3,740 billion KRW in 1Q 2005.
• Profitability Turnaround: The company reported a significant shift from losses to profits across all major metrics. Operating profit, recurring profit, and net income all turned positive in 1Q 2005 after recording losses in the same period in 2004.
• Net Income: Net income improved from a loss of 156 billion KRW in 1Q 2004 to a profit of 364 billion KRW in 1Q 2005.

Guidance, Outlook, and Risks

The filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors. The document notes that the figures are preliminary interim numbers and are subject to adjustment. No unusual items or contingencies are explicitly detailed in the provided text.

Investor Verification Checklist

• Verify the final audited figures for the first quarter of 2005, as the current data is preliminary and unaudited.
• Confirm the consolidated financial results, as the reported figures are on a non-consolidated basis.
• Investigate the specific drivers behind the 17.1% revenue increase and the reversal of net losses to profits.
• Review subsequent filings for details on cash flow, debt levels, and liquidity, which are absent in this summary.