SEOUL, Jan. 27 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, on Wednesday said it shifted to a net profit in the fourth quarter of 2020, on the back of increased demand of its panels for IT products and sales of OLED displays amid the pandemic-induced stay-at-home trend. LG [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Co. said Tuesday its fourth-quarter net profit jumped 78 percent from a year earlier on robust sales of high-end models amid the coronavirus pandemic. Net profit for the three months that ended in December jumped to 1.37 trillion won (US$1.24 billion) from 772 billion won in the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, said Tuesday its net income increased 18.8 percent on-year in 2020 on the back of improved factory utilization and increased sales. The company’s net profit reached 241 billion won (US$217.8 million) in 2020, compared with a net [...]
Amsterdam, NETHERLANDS, Jan. 25 (Korea Bizwire) – Fourth-quarter highlights • Sales amounted to EUR 6.0 billion, with 7% comparable sales growth • Comparable order intake increased 7% • Income from continuing operations increased to EUR 608 million, compared to EUR 550 million in Q4 2019 • Adjusted EBITA margin increased to 19.0% of sales, compared [...]
London, Jan. 19 (Korea Bizwire) - CNH Industrial (NYSE: CNHI / MI: CNHI) announced today that its financial results for the Fourth Quarter and Full Year of 2020 will be released on Wednesday, February 3, 2021. A live audio webcast of the 2020 Fourth Quarter and Full Year results conference call will begin at 3:30 p.m. [...]
VICTOR, N.Y., Jan. 7 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third 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 Thursday, [...]
SEOUL, Jan. 3 (Korea Bizwire) — The coronavirus pandemic is likely to have come as a big draw on South Korean oil refiners last year as their low refining margins ate into their profitability, industry sources said Sunday. Whipsawed by weak oil prices and sluggish refining margins, industry leader SK Innovation Co. and three other [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korean companies’ earnings declined by the most in 11 years in 2019, as the manufacturing sector remained sluggish amid the global economic slowdown, data showed Tuesday. Their combined before-tax net profit reached 102 trillion won (US$93.3 billion) in 2019, down 37.1 percent from the previous year, according to [...]
VICTOR, N.Y., Dec. 3 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal third quarter ended November 30, 2020, on Thursday, January 7, 2021, before the open of the U.S. markets. A conference call to discuss the financial results and outlook [...]
ATLANTA, Dec. 3 (Korea Bizwire) — Secureworks (NASDAQ: SCWX), a leader in software-driven security solutions, today announced financial results for its third fiscal quarter, which ended on October 30, 2020. For the quarter, the company increased both GAAP and non-GAAP revenue 0.2 percent to $141.6 million from $141.3 million in the same period in the [...]