Earnings & Sales Archives | Be Korea-savvy

Archive by category Earnings & Sales

Major Firms Reap Better-than-expected Q3 Earnings amid Pandemic

Major Firms Reap Better-than-expected Q3 Earnings amid Pandemic

SEOUL, Nov. 8 (Korea Bizwire) — Major listed firms in South Korea reported better-than-expected earnings in the third quarter, raising hopes for a quick recovery from the pandemic-hit economy, data showed Sunday. The combined operating income of 251 listed firms that disclosed earnings as of Friday totaled 32.6 trillion won (US$29.1 billion) for the July-September [...]

Naver, Kakao Expected to Show Brisk Performance Next Year amid Pandemic

Naver, Kakao Expected to Show Brisk Performance Next Year amid Pandemic

SEOUL, Nov. 7 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, are expected to continue their upward trajectory in earnings projections amid the coronavirus pandemic, market watchers said Saturday. Quarterly sales of Naver — South Korea’s top internet portal operator — and Kakao — the operator of the [...]

LG Uplus Downplays Huawei Risk, Q3 Net Nearly Quadruples

LG Uplus Downplays Huawei Risk, Q3 Net Nearly Quadruples

SEOUL, Nov. 5 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, downplayed concerns Thursday over its use of network equipment by Huawei Technologies Co. amid U.S. pressure to sever ties with the Chinese company, citing the completion of equipment installation and a healthy backlog for maintenance. The United States has repeatedly [...]

Kakao’s Q3 Net Nearly Quadruples on Robust Platform, E-commerce

Kakao’s Q3 Net Nearly Quadruples on Robust Platform, E-commerce

SEOUL, Nov. 5 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its third-quarter net profit jumped nearly three times from a year earlier on the back of robust growth of its e-commerce services based on its messenger platform. Net profit reached a quarterly high of 143.7 billion [...]

SK hynix Q3 Net More than Doubles on Huawei Effect, Mobile Demand Recovery

SK hynix Q3 Net More than Doubles on Huawei Effect, Mobile Demand Recovery

SEOUL, Nov. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, on Wednesday reported estimate-beating third-quarter earnings on the back of a recovery in demand for mobile chips amid the pandemic. Its net profit stood at 1.07 trillion won (US$950.4 million) in the third quarter of the year, up 117.5 percent from a [...]