SEOUL, July 18 (Korea Bizwire) — POSCO Holdings Inc. on Tuesday reported that its second-quarter operating profit had narrowly exceeded expectations due to “normalized” sales and higher product prices. Its consolidated operating income came to 1.3 trillion won (US$1 billion) for the April-June period, down 38.1 percent from a year earlier, South Korea’s top steelmaker [...]
SEOUL, July 7 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday its second-quarter operating profit is expected to have more than tripled from a year earlier on the back of strong demand for electric vehicle batteries. Operating income reached 611.6 billion won (US$468.7 million), compared with 195.6 billion won the previous year, the [...]
SEOUL, July 7 (Korea Bizwire) — LG Electronics Inc. said Friday its operating profit for the April-June period likely rose nearly 13 percent from a year earlier on strong performance of premium consumer products and electric vehicle (EV) parts business. The South Korean tech company estimated its second-quarter operating profit at 892.7 billion won (US$684.2 [...]
SEOUL, July 7 (Korea Bizwire) — Samsung Electronics Co. on Friday said its second-quarter operating profit likely plunged about 96 percent from a year earlier, as a chip oversupply and slow demand persisted. The world’s largest memory chip and smartphone maker estimated its April-June profit at 600 billion won (US$461.2 million), significantly down from the [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Friday said its operating profit for the January-March period likely declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company estimated its first-quarter operating profit at 1.49 trillion won (US$1.1 billion), down 22.9 percent [...]
SEOUL, April 7 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday it estimated its operating profit to have grown more than twofold in the first quarter from a year earlier, boosted by the effects of U.S. government subsidies under a new law that promotes electric vehicle (EV) purchases. Operating income reached 633.2 billion [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. on Friday said it cut memory production in the short term, as its quarterly profit plunged significantly amid the chip downturn, in a sharp departure from its previous position that it would not artificially reduce output. The world’s largest memory chip and smartphone maker earlier in [...]
SEOUL, Jan. 9 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), a South Korean major secondary battery maker, on Monday reported a weaker-than-expected operating profit for the fourth quarter of last year, though its 2022 income surpassed the 1 trillion won (US$801.92 million) mark for the first time. Operating profit for the October-December period jumped [...]
SEOUL, Jan. 6 (Korea Bizwire) — LG Electronics Inc. on Friday estimated its fourth-quarter operating earnings at 65.5 billion won (US$51.6 million), down 91.2 percent from a year earlier. Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company. But it did not [...]
SEOUL, Oct. 19 (Korea Bizwire) — POSCO Holdings Inc., the holding firm of South Korea’s top steelmaker POSCO, on Wednesday said that its third-quarter operating profit dropped 71 percent as some of its steel-processing facilities remain shuttered after a typhoon. Its operating income stood at 900 billion won (US$633 million) in the July-September period, compared [...]