SEOUL, Aug. 2 (Korea Bizwire) — South Korean online lender Kakao Bank said Wednesday its second-quarter net profit soared 44 percent from a year earlier on growth in interest revenue and an expanded customer base. Its net profit stood at 81.9 billion won (US$63.6 million) in the April-June period, up from a profit of 57 [...]
SEOUL, July 28 (Korea Bizwire) — SK Innovation Co. said Friday it turned to the red in the second quarter as falling oil prices and thinner margins hurt its profitability. The company logged an operating loss of 106.8 billion won (US$83.2 million) in the April-June period, compared with the 2.32 trillion-won operating profit a year [...]
SEOUL, July 27 (Korea Bizwire) — LG Electronics Inc. reported a 6.2 percent fall in second-quarter operating profit, primarily due to a one-time provision. The company said in a regulatory filing that operating income for the April-June period came to 741.9 billion won (US$581 million), down from the 892.7 billion won it had predicted earlier [...]
SEOUL, July 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Thursday raised its annual sales and profit guidance for the year after reporting robust earnings in the second quarter on a weak won and an improved product mix. Kia forecast its sales will be more than 100 trillion won (US$78.2 [...]
SEOUL, July 27 (Korea Bizwire) — LG Chem Ltd. said Thursday its second-quarter profit sank 30 percent from a year earlier as global demand for petrochemicals remained sluggish. Operating income reached 615.6 billion won (US$484 million) in the April-June period, compared with 878.4 billion won the previous year, the company said in a regulatory filing. [...]
SEOUL, July 27 (Korea Bizwire) — Samsung SDI Co. said Thursday its second-quarter operating income rose 4.9 percent from a year earlier, buoyed by solid demand in its premium electric vehicle (EV) batteries. Operating profit reached 450.2 billion won (US$354.7 million) in the April-June period, compared with 429 billion won the previous year, the company [...]
SEOUL, July 27 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Thursday its second-quarter operating profit more than doubled from a year earlier, driven by the continued strong electric vehicle (EV) demand. Operating income reached 460.6 billion won (US$361.5 million) in the April-June period, compared with 195.6 billion won the previous year, the company [...]
SEOUL, July 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported a 95 percent fall in second-quarter operating profit, as macroeconomic woes have taken a toll on demand for chips used in electronic gadgets from mobile phones to computers to cars. The world’s largest memory chip and smartphone maker logged a profit of 668.5 [...]
SEOUL, July 26 (Korea Bizwire) – South Korea’s Hyundai Motor Co. on Wednesday raised its annual sales and profit guidance for the year after reporting a record operating profit in the second quarter on a weak won and robust sales of high-end models. Hyundai Motor projected its overall sales will grow 14-15 percent this year, [...]
SEOUL, July 26 (Korea Bizwire) — LG Display Co. reported fifth consecutive quarterly losses Wednesday as sluggish demand for smartphones, TVs and computers took a toll on its bottom line. The major panel maker reported an operating loss of 881.5 billion (US$689 million) for the April-June period, compared with a loss of 488.3 billion won [...]