earnings forecast Archives | Be Korea-savvy
Retail Giants Forecast to Deliver Disappointing Q2 Earnings

Retail Giants Forecast to Deliver Disappointing Q2 Earnings

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 [...]

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

Brokerages Expect 16 pct On-yr Jump in Listed Firms’ Q1 Operating Profit

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 [...]