Cheil Worldwide Inc. reported consolidated financial results for the first quarter of 2016. For the quarter, the company reported revenue of KRW 226.1 billion against KRW 205.6 billion for the same period of last year. Operating income was KRW 22.4 billion against KRW 24.1 billion for the same period of last year. Income before income taxes was KRW 23.3 billion against KRW 27.3 billion for the same period of last year. Net income was KRW 14.4 billion against KRW 18.0 billion for the same period of last year. Operating income decreased due to revenue decrease in some regions such a CIS and Africa resulting from economic recession and revenue decrease in NA.

For 2016, the company expects revenue growth of 10% including inorganic growth (M&A).