Seoul:Woori Financial Group announced on Friday that its third-quarter net income dropped by 16.4 percent to 1.08 trillion won (US$815.2 million) compared to the same period last year.

According to Yonhap News Agency, despite the decline in net income, Woori Financial Group's operating profit for the July-September period increased by 43.6 percent, reaching 1.41 trillion won. Additionally, the company's sales surged by 66.2 percent, totaling 13.3 trillion won.

These earnings figures surpassed market expectations. Analysts, as surveyed by Yonhap Infomax, had predicted an average net profit of 963.4 billion won.