SEOUL, Nov. 1 (Korea Bizwire) — South Korean container shipper HMM Co.’s third-quarter earnings probably edged down from three months earlier due to lower freight rates, a market tracker said Tuesday. The operating income of HMM, the country’s top industry player, is estimated to reach 2.55 trillion won (US$1.8 billion) for the July-September period, up [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean brokerage houses have sharply lowered their third-quarter earnings outlook for major listed firms amid rising inflation and other negatives, a market tracker said Wednesday. The combined net profit forecast for 168 major listed firms came to 29.7 trillion won (US$25.2 billion) for the July-September period as of [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean shipping lines are expected to chalk up record earnings for the third quarter of the year thanks to surging freight rates, a market tracker said Tuesday. HMM Co., South Korea’s largest container shipper, is projected to post a consolidated operating income of 1.82 trillion won (US$1.54 billion) [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s leading steelmaker POSCO is likely to post a record operating income for the second quarter of the year on a recovery in global demand, according to market forecasts Thursday. Eight local brokerages’ median estimate for POSCO’s operating profit stands at 1.93 trillion won (US$1.73 billion) for the [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korean brokerage houses have slightly revised down their fourth-quarter earnings outlook for major listed companies amid the coronavirus pandemic, a market tracker said Monday. The combined operating income forecast for 164 major listed firms came to 32.7 trillion won (US$29.9 billion) for the October-December period as of Friday, [...]