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LG Electronics Sees Q3 Operating Profit Nearly Halved Largely Due to Recall Provision Cost

LG Electronics Sees Q3 Operating Profit Nearly Halved Largely Due to Recall Provision Cost

SEOUL, Oct. 12 (Korea Bizwire) — LG Electronics Inc. on Tuesday estimated its third-quarter operating profit to drop nearly by half from a year earlier largely due to a recall provision cost. In its earnings guidance, the South Korean tech firm estimated its July-September operating profit at 540.7 billion won (US$451 million), down 49.6 percent [...]

POSCO’s Q2 Operating Profit Hits Highest in 15 Years

POSCO’s Q2 Operating Profit Hits Highest in 15 Years

SEOUL, July 9 (Korea Bizwire) — South Korea’s leading steelmaker POSCO estimated Friday its second-quarter operating profit hit the highest point in 15 years on robust demand amid a global economic recovery from the COVID-19 pandemic. Operating profit for the April-June quarter jumped to 2.2 trillion won (US$1.9 billion) from 121.2 billion won during the [...]

Samsung Expects Estimate-beating Q2 Earnings on Robust Chip Biz

Samsung Expects Estimate-beating Q2 Earnings on Robust Chip Biz

SEOUL, July 7 (Korea Bizwire) — Samsung Electronics Co. on Wednesday expected market estimate-beating second-quarter earnings as its semiconductor business apparently offset a tepid performance from its mobile business. In its earnings guidance, the South Korean tech giant estimated its operating profit at 12.5 trillion won (US$11 billion) for the April-June period, up 53.4 percent [...]

POSCO’s Q1 Operating Profit Hits Highest Point in 10 Years

POSCO’s Q1 Operating Profit Hits Highest Point in 10 Years

SEOUL, April 12 (Korea Bizwire) — South Korea’s leading steelmaker POSCO estimated Monday its first-quarter operating profit hit the highest point in 10 years on robust demand amid global economic recovery from the COVID-19 pandemic. Operating profit for the January-March quarter jumped to 1.55 trillion won (US$1.4 billion) from 705.3 billion won during the same [...]

Samsung Expects Q1 Earnings Surprise on Strong Mobile, Home Appliance Biz

Samsung Expects Q1 Earnings Surprise on Strong Mobile, Home Appliance Biz

SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. on Wednesday expected a market forecast-beating earnings for the first quarter as its mobile business fared well, offsetting a relatively tepid performance from the semiconductor business. In its earnings guidance, the South Korean tech giant estimated its operating profit at 9.3 trillion won (US$8.3 billion) for [...]

LG Electronics Sees Record Q4 Earnings on Solid Home Appliance Sales

LG Electronics Sees Record Q4 Earnings on Solid Home Appliance Sales

SEOUL, Jan. 8 (Korea Bizwire) – LG Electronics Inc. on Friday forecast robust fourth-quarter earnings as sales from its mainstay home appliances apparently remained solid despite the weakness of the U.S. dollar. In its earnings guidance, the South Korean tech giant estimated its operating profit at 647 billion won (US$592 million) for the October-December period [...]