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SK Innovation Shifts to Black in Q4 on Strong Petrochem, EV Battery Sales

SK Innovation Shifts to Black in Q4 on Strong Petrochem, EV Battery Sales

SEOUL, Jan. 28 (Korea Bizwire) — SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong petrochemical demand and electric vehicle (EV) battery sales. Net income came to 163.4 billion won (US$135.7 million) in [...]

LG Uplus Turns to Black in Q4 on 5G User Growth, Logs Record Annual Operating Profit

LG Uplus Turns to Black in Q4 on 5G User Growth, Logs Record Annual Operating Profit

SEOUL, Jan. 28 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Friday it shifted to black in the fourth quarter from a year earlier on the back of growth in media service and 5G network subscriptions. Net income for the October-December period stood at 101.8 billion won (US$84.5 million), marking a [...]

LG Electronics Q4 Operating Profit Down 21 pct on Weaker Demand, Rising Costs

LG Electronics Q4 Operating Profit Down 21 pct on Weaker Demand, Rising Costs

SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. on Thursday said its operating profit fell 21 percent in the fourth quarter from a year earlier due to a hike in logistics and raw material costs and weaker-than-expected holiday spending on home appliances. Operating profit slumped to 677.7 billion won (US$563 million) in the October-December [...]

Samsung Logs Record Sales, 4-year-high Operating Profit in Q4 on Solid Chip Biz

Samsung Logs Record Sales, 4-year-high Operating Profit in Q4 on Solid Chip Biz

SEOUL, Jan. 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported strong fourth-quarter earnings on robust chip business and brisk sales of consumer electronics. Net profit rose 64.04 percent from a year earlier to 10.8 trillion won (US$9 billion) in the October-December period, the world’s largest memory chip and smartphone vendor said in a [...]

AGF Management Limited Reports Fourth Quarter and Fiscal Year 2021 Financial Results

AGF Management Limited Reports Fourth Quarter and Fiscal Year 2021 Financial Results

TORONTO, Jan. 26 (Korea Bizwire) – Reported diluted earnings per share of $0.19 Mutual fund gross sales of $914 million for the fourth quarter of 2021, an improvement of 35% year-over-year Mutual fund net sales of $352 million for the quarter Total assets under management and fee-earning assets1 of $42.6 billion AGF Management Limited (AGF or [...]