Cheil Worldwide Inc. announced consolidated earnings results for the fourth quarter and full year of fiscal 2016. For the full year, the company announced revenue of KRW 997.4 billion compared to KRW 948.7 billion for the same period a year ago. Operating income was KRW 149.5 billion compared to KRW 127.2 billion for the same period a year ago. Income before income taxes was KRW 127.8 billion compared to KRW 149.5 billion for the same period a year ago. Net income was KRW 90.6 billion compared to KRW 81.7 billion for the same period a year ago.

For the quarter, the company announced revenue of KRW 279.0 billion compared to KRW 265.0 billion for the same period a year ago. Operating income was KRW 54.5 billion compared to KRW 33.8 billion for the same period a year ago. Income before income taxes was KRW 30.6 billion compared to KRW 45.7 billion for the same period a year ago. Net income was KRW 22.1 billion compared to KRW 12.2 billion for the same period a year ago.

The company provided revenue guidance for the full year of fiscal 2017. The company expects revenue up 5% and additional growth (M&A) and operating margin improvement in 2017.