SEOUL, July 2 (Korea Bizwire) — LG Display Co., South Korea’s major display panel maker, is likely to report a wider loss in the second quarter of the year due to a slump in smartphone and TV demand on the pandemic, analysts here said Thursday, although it is expected to make a rebound in the [...]
VICTOR, N.Y., July 1 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its first quarter fiscal 2021 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Wednesday, [...]
SEOUL, June 30 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, is likely to see its second-quarter profit more than double from a year earlier, analysts here said Tuesday, thanks to strong memory chip prices amid the novel coronavirus pandemic. SK hynix was expected to log 8.29 trillion won (US$6.9 billion) in sales [...]
SEOUL, June 29 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, is likely to suffer a sharp decline in its second-quarter earnings due to the novel coronavirus pandemic, analysts here said Monday, although it is expected to rebound from the third quarter. LG was expected to log 13.19 trillion [...]
SEOUL, June 29 (Korea Bizwire) — Samsung Electronics Co.’s second-quarter earnings could be better than expected, analysts here said Monday, as its robust chip business is likely to offset losses in its smartphone and display businesses amid the novel coronavirus pandemic. Samsung was expected to log 53.39 trillion won (US$44.4 billion) in sales in the [...]
TORONTO, June 24 (Korea Bizwire) — AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2020. AGF reported total assets under management (AUM) of $36.3 billion compared to $38.3 billion in the same period in 2019. Average daily mutual fund AUM decreased to $17.4 [...]
SEOUL, June 16 (Korea Bizwire) — South Korean businesses’ sales and profitability worsened in the first quarter from three months earlier, central bank data showed Tuesday, amid slowing demand at home and abroad caused by the spread of the new coronavirus. In the January-March period, sales of local businesses dropped at an average 1.5 percent [...]
SEOUL, May 19 (Korea Bizwire) — South Korean listed companies’ profits almost halved in the first quarter of the year, data showed Tuesday, an apparent fallout from the new coronavirus outbreak. The combined net profit of 592 nonfinancial companies listed on the main bourse came to 11.03 trillion won (US$8.99 billion) in the January-March period, [...]
SEOUL, May 15 (Korea Bizwire) — South Korean airlines, led by Korean Air Lines Co., reported their worst-ever first-quarter earnings on Friday in the face of the new coronavirus outbreak that has led to a sharp fall in demand and lockdowns around the globe, and their second-quarter performance is also dim. Korean Air said its [...]
CHAMPFROMIER, FRANCE, May 14 (Korea Bizwire) – AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, has posted consolidated turnover of €273.5m in the first quarter of 2020, down by -6.6 % compared to the first quarter of 2019. Consolidated turnover for the 1st quarter of 2020 (from 1 [...]