Cheil Worldwide Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of Fiscal 2016; Provides Revenue Guidance for the Full Year of Fiscal 2017
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.