SEOUL, April 28 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 percent to 14.1 trillion won (US$11.1 billion) year-over-year in a [...]
SEOUL, April 27 (Korea Bizwire) — LG Display Co., a major display panel maker, said Wednesday its first-quarter net income fell nearly 80 percent from a year ago, driven by lower demand for IT products and falling TV panel prices. Its net for the three months ending in March came to 54.3 billion won (US$43 [...]
SEOUL, April 27 (Korea Bizwire) — SK hynix Inc. reported strong first-quarter earnings Wednesday on the back of robust chip demand for servers despite being in the traditionally low season. Net income rose 99.8 percent on-year to reach 1.98 trillion won (US$1.6 billion), the chipmaker said in a regulatory filing. The figure is lower than [...]
SEOUL, April 27 (Korea Bizwire) — LG Chem Ltd. said Wednesday its first-quarter net profit shrank 43.9 percent from a year earlier, as a recent rise in global crude oil prices deteriorated the profitability in its main petrochemical business. Net income came to 769.2 billion won (US$608 million) in the January-March period, compared with 1.3 [...]
SEOUL, April 27 (Korea Bizwire) — LG Energy Solution Ltd. said Wednesday its first-quarter net income nearly halved from a year earlier amid the prolonged global chip supply disruptions. Net income came to 226.6 billion won (US$179.5 million) in the January-March period, compared with a net profit of 433.6 billion won the previous year, South [...]
SEOUL, April 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Monday its first-quarter net profit fell 0.2 percent from a year earlier due to one-off costs amid global chip shortages. Net profit for the three months ended in March fell to 1.032 trillion won (US$825 million) from 1.035 trillion won during the [...]
SEOUL, April 25 (Korea Bizwire) — Hyundai Motor Co. said Monday its first-quarter net profit rose 17 percent from a year earlier as an improved product mix and a weak won helped offset the impact of chip shortages. Net profit for the three months ended in March rose to 1.78 trillion won (US$1.42 billion) from [...]
SEOUL, April 25 (Korea Bizwire) – POSCO Holdings Inc., the holding company of South Korea’s top steelmaker, said Monday that its first-quarter net profit soared 68 percent from a year earlier on the back of strong performance of its non-steelmaking affiliates and higher steel prices. Its net profit stood at 1.9 trillion won (US$1.52 billion) [...]
SEOUL, April 21 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Thursday its net profit plummeted 99 percent on-year in the first quarter due to a low base effect. Net profit reached 151.4 billion won (US$122.5 million) during the January-March period, compared with 15.31 trillion won in the previous year, the [...]
SEOUL, April 12 (Korea Bizwire) — Food delivery app owner Woowa Brothers saw its sales nearly double in 2021 from a year earlier as the prolonged COVID-19 pandemic pushed up demand for food deliveries. Woowa Brothers posted 2.008 trillion won (US$1.62 billion) in sales on a consolidated basis last year from 1.033 trillion won a [...]