Woori finance's net leaps almost fivefold

GMT 05:14 2014 Saturday ,02 August

Arab Today, arab today Woori finance's net leaps almost fivefold

Woori bank
Seoul - Yonhap

Woori Finance Holdings Co., South Korea's fourth-largest banking group, said Friday its second-quarter earnings shot up 487 percent from a year earlier on a one-off factor and reduced loan-loss reserves.
Net income totaled 870.4 billion won (US$844.3 million) in the April-June period, compared with 148.2 billion won the previous year, the group said in a regulatory filing.

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