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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3,272B | 10.7% |
| Gross Profit | 3,272B | 69.9% |
| Operating expense | 3,272B | 63.4% |
| Net Income | 904B | 2.9% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 543,705B | 6.9% |
| Total Liabilities | 507,503B | 7.2% |
| Total Equity | 33,753B | 16.2% |
| Shares Outstanding | 257M | 65.2% |
Cash Flow (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2,945B | 37.9% |
| Cash from financing | 6,681B | 1361.5% |
Financial Highlights for Woori Financial Group in Q3 '24
Woori Financial Group reported a revenue of 3,272B, which is a 10.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 3,272B, marking a -69.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 3,272B, showing a -63.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 904B, showing a -2.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Woori Financial Group faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
