London, UNITED KINGDOM, May 7 (Korea Bizwire) – The following is an extract from the “CNH Industrial 2019 first quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: cnhindustrial.com/en-us/media/press_releases/ or consulting the accompanying PDF: CNH Industrial reported record 2019 first quarter net [...]
SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Tuesday its first-quarter net profit dropped 20.8 percent from a year earlier as its money-losing smartphone business clouded robust revenue from its home appliance division. The South Korean electronics maker said it posted 578 billion won (US$495 million) in net profit in the January-March period, [...]
SEOUL, Apr. 30 (Korea Bizwire) — Samsung Electronics Co. on Tuesday cautiously expected an uptick in chip demand for high-value products and mobile devices in the second half of the year, after delivering a 60 percent drop in its first-quarter earnings on weak memory chip prices. The South Korean tech giant posted a net profit [...]
SEOUL, Apr. 26 (Korea Bizwire) — Coupang Inc., a South Korean shopping portal, has transitioned into a tripartite leadership structure after recruiting a restructuring specialist as head of the human resources department, leading many to anticipate major restructuring of the company recently stricken with massive losses. Coupang was previously led by a single representative structure [...]
MONTRÉAL, Apr. 25 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today preliminary financial results for the first quarter of 2019 and provided updates to its full year revenue and earnings outlook. First quarter 2019 adjusted EBITDA and adjusted EBIT are expected to be approximately $265 million and $170 million, respectively, on revenues of approximately $3.5 [...]
SEOUL, Apr. 25 (Korea Bizwire) — SK hynix Inc. said Thursday its first-quarter net dipped 64.7 percent from a year earlier, due to a slump in the global chipmaking business. The net profit for the world’s No. 2 memory chip producer came to 1.1 trillion won (US$952 million) in the January-March period, compared with a [...]
SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it posted a 30 percent on-year jump in its first-quarter net profit helped by strong demand for new SUVs and a weaker won. Net profit for the January-March period rose to 954 billion won (US$830 million) from 732 billion won a year earlier, Hyundai [...]
SEOUL, Apr. 24 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Wednesday that its first-quarter earnings dropped 28 percent from a year earlier due to a slump in the steelmaking sector and a drop in steel prices. Net profit reached 778 billion won (US$679 million) in the January-March period on a consolidated basis, compared [...]
SEOUL, Apr. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings likely plunged in the first quarter from a year earlier amid falling memory chip prices and weak demand for display panels. The operating profit was estimated at 6.2 trillion won (US$5.45 billion) in the January-March period, a 60.4 percent drop from [...]
SEOUL, Mar. 26 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that it expects its first-quarter earnings to miss market expectations due to a sharp decline in memory chip and panel prices. The South Korean tech giant said it expected a sharper-than-expected price fall in memory chips in the off-peak season and worsening profitability in [...]