SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. on Thursday expected its semiconductor business to rebound in the current quarter following mediocre performance, although its mobile unit is projected to suffer a profit decline after spearheading its strong first-quarter earnings. Samsung’s net profit stood at 7.14 trillion won (US$6.4 billion) in the January-March period, [...]
SEOUL, April 28 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday its first-quarter net profit rose to the highest level ever on strong electric vehicle (EV) battery sales, vowing to step up investment in the battery and related materials to further propel growth. LG Chem’s net profit came to 1.4 [...]
SEOUL, April 28 (Korea Bizwire) — Samsung Biologics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, said Tuesday its net income skyrocketed 66.4 percent on-year in the first quarter on the back of increased sales. The company’s net profit reached 61 billion won (US$54.8 million) during the Jan.-April period, compared with a net [...]
SEOUL, April 28 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, said Wednesday it shifted to the black in the first three months of the year, on the back of increased demand for its panels used in IT products and TVs amid the pandemic-induced stay-at-home trend. LG Display reported [...]
SEOUL, April 28 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Wednesday its first-quarter net profit jumped 52.9 percent from a year earlier thanks to strong demand for memory chips for mobile and computer products. Its net profit stood at 992.6 billion won (US$893.9 million) in the first quarter of the year, [...]
SEOUL, April 27 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Tuesday its first-quarter earnings jumped on a low base effect and solid demand for electric vehicle (EV) battery products. Its net profit reached 150 billion won (US$135 million) in the January-March period, up from 729 million won a year earlier, as [...]
SEOUL, April 26 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Monday that its first-quarter net profit soared 162 percent from a year earlier on robust demand amid the global economic recovery from the COVID-19 pandemic. Net profit for the three months that ended in March soared to 1.13 trillion won (US$1.02 [...]
SEOUL, April 22 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Thursday its first-quarter net profit nearly tripled from a year earlier on a low base effect and strong sales of sports utility vehicles (SUVs), but the company is worried about the impact of global chip shortages on production. Net profit in the [...]
SEOUL, April 22 (Korea Bizwire) — Hyundai Motor Co. said Thursday its first-quarter net profit nearly tripled compared to a year earlier on a base effect and an improved product mix. Net profit for the three months that ended in March soared to 1.52 trillion won (US$1.36 billion) from 552.68 billion won a year ago, [...]
SEOUL, April 19 (Korea Bizwire) — Sales of pickup trucks in South Korea tumbled more than 34 percent in the first quarter of the year amid sluggish demand, industry data showed Monday. A total of 5,539 pickup trucks were sold in Asia’s fourth-largest economy in the January-March period, down 34.4 percent from a year earlier. [...]