SEOUL, Oct. 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday its third-quarter net profit plunged 60 percent from a year earlier on provisions for additional engine-related recall costs. Net profit for the three months ended in September fell to 458.89 billion won (US$319 million) from 1.13 trillion won during the same [...]
SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South Korean carmaker expected its on-year revenue will grow by 19-20 percent this year, which is higher than [...]
SEOUL, Oct. 24 (Korea Bizwire) — POSCO Holdings Inc. on Monday reported a 77-percent drop in its third-quarter net income, in the face of typhoon damage and a fall in prices of key products. Its net profit for the July-September period reached 600 billion won (US$416.8 million) on a consolidated basis, compared with a net [...]
SEOUL, Oct. 24 (Korea Bizwire) — POSCO Chemical Co. said Monday its third quarter net profit jumped 60.5 percent from a year earlier on the back of solid growth in the lucrative battery materials segment. Net income came to 65.6 billion won (US$45.7 million) in the July-September period, compared with a net profit of 40.8 [...]
SEOUL, Oct. 19 (Korea Bizwire) — POSCO Holdings Inc., the holding firm of South Korea’s top steelmaker POSCO, on Wednesday said that its third-quarter operating profit dropped 71 percent as some of its steel-processing facilities remain shuttered after a typhoon. Its operating income stood at 900 billion won (US$633 million) in the July-September period, compared [...]
SEOUL, Oct. 7 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s top battery maker, said Friday it racked up a turnaround in the third-quarter of the year from a year earlier on the back of the weakness of the Korean currency against the U.S. dollar and robust sales. Its operating profit reached 522 billion [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Co. said Friday its preliminary third-quarter operating profit declined by nearly 32 percent from a year earlier, as the company has faced macroeconomic headwinds that weakened consumer demand for electronic devices. The world’s largest memory chip and mobile phone maker said its operating profit for the three [...]
SEOUL, Sept. 25 (Korea Bizwire) – The third-quarter earnings outlooks for Samsung Electronics Co. and SK hynix Inc., the world’s top two leading chip manufacturers, remain largely grim due to a recent fall in global demand for memory chips, an industry data analysis showed Sunday. According to the analysis by Yonhap Infomax of earnings outlooks [...]
SEOUL, Sept. 19 (Korea Bizwire) — Samsung Electronics Co. expanded its market share of the global semiconductor industry in the second quarter, maintaining its top spot, a research showed Monday. Samsung’s chip revenue for the April-June period came in at a record quarterly high of US$20.3 billion on the back of solid server demand, taking [...]
SEOUL, Sept. 18 (Korea Bizwire) — Hyundai Engineering & Construction Co., South Korea’s leading builder, said Sunday it has received a 1.9 trillion-won (US$1.4 billion) railway order in the Philippines. Hyundai E&C will build a 56-kilometer railway connecting the capital city of Manila to the southern city of Calamba in the next six years, the [...]