Brokerages Expect 16 pct On-yr Jump in Listed Firms' Q1 Operating Profit | Be Korea-savvy

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

(image: KobizMedia/ Korea Bizwire)

(image: KobizMedia/ Korea Bizwire)

SEOUL, Apr. 15 (Korea Bizwire)South Korean brokerages on Saturday forecast that 128 companies listed on the main bourse will post a 16 percent on-year jump in combined operating profit in the first quarter.

Local brokerages estimated the 128 listed firms on the Korea Exchange (KRX) will post a combined operating profit of 46.8 trillion won (US$43.8 billion) in the January-March period, higher than 45.8 trillion won they forecast last month, according to market research firm FnGuide.

The upward outlook revision comes after market bellwether Samsung Electronics Co. recently reported an operating profit of 15.6 trillion won for the first quarter, far exceeding analysts’ average forecast of 14.6 trillion won, it said.


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