Woori Card Reports 112 Billion KRW Net Profit Last Year, Down 45.3% YoY

Woori Card's net profit for last year nearly halved compared to the previous year.

According to the earnings disclosure by Woori Financial Group on the 6th, Woori Card's net profit last year was 112 billion KRW, a 45.3% decrease from the previous year (205 billion KRW).

Net operating income (revenue - operating expenses + general administrative expenses) was 871 billion KRW, a 7.2% increase compared to the previous year. During the same period, selling and administrative expenses rose 8.7%, from 263 billion KRW to 285 billion KRW.

Operating profit was 140 billion KRW, down 49.4% from the previous year. The delinquency rate increased by 0.02 percentage points, from 1.2% in 2022 to 1.22% last year.

Exterior view of Woori Card headquarters.

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