SEOUL, Oct. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, is expected to report disappointing third-quarter earnings next week, analysts said Friday, marking a sharp departure from record-breaking performances for the past few years, amid a cyclical downturn of the global semiconductor industry. SK hynix’s operating profit for the three [...]
SEOUL, Aug. 9 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) likely posted a massive loss in the second quarter due to surging costs following record red ink three months earlier, a market tracker said Tuesday. The market consensus of KEPCO’s consolidated operating loss stands at 5.37 trillion won (US$4.11 billion) for the [...]
SEOUL, July 5 (Korea Bizwire) — Samsung Electronics Co. is expected to report a more than 15 percent rise in operating profit for the second quarter, helped by strong semiconductor business despite slowing demand for smartphones and home appliances, a survey showed Tuesday. The world’s largest memory chip maker is forecast to log 14.5 trillion [...]
SEOUL, March 29 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip makers, are forecast to report robust earnings in the first quarter, despite a hike in raw material prices and continued global supply woes, a financial data firm said Tuesday. Samsung is estimated to log 13.89 trillion [...]
SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s full service carriers, including Korean Air Lines Co., are predicted to post strong earnings in the third quarter of the year on the back of a rise in air cargo rates, analysts said Sunday. In a consensus estimate of 10 analysts by Yonhap Infomax, the financial news [...]
SEOUL, April 7 (Korea Bizwire) – South Korea’s construction equipment makers led by Doosan Infracore Co. are forecast to have posted strong results in the first quarter, mainly thanks to their strong sales in the Chinese market, industry sources said Wednesday. According to the survey on three analysts by Yonhap Informax, the financial news arm [...]
SEOUL, Jul. 22 (Korea Bizwire) — South Korean retailers are likely to deliver disappointing earnings for the second quarter on stiff competition with online operators, with industry leader Emart Inc. expected to post the first deficit in its history, industry data showed Monday. Emart, the country’s largest hypermarket chain, operated by Shinsegae Group, is predicted [...]
SEOUL, Jun. 19 (Korea Bizwire) — South Korean steelmakers are likely to continue to suffer weak business results in the second quarter of the year due to high iron ore prices and a supply glut amid concerns over a global economic slowdown, analysts here said Wednesday. The price of iron ore, one of the main [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korean brokerages on Saturday forecast that 128 companies listed on the main bourse will post a 16 percent on-year jump in combined operating profit in the first quarter. Local brokerages estimated the 128 listed firms on the Korea Exchange (KRX) will post a combined operating profit of 46.8 [...]