earnings guidance Archives | Be Korea-savvy
POSCO Holdings Q3 Operating Profit Down 71 pct on Typhoon Damage

POSCO Holdings Q3 Operating Profit Down 71 pct on Typhoon Damage

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 [...]

Samsung Electronics Q3 Profit Estimated to Have Declined 31.7 pct On-year

Samsung Electronics Q3 Profit Estimated to Have Declined 31.7 pct On-year

SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Co. said Friday its preliminary third-quarter operating profit declined by nearly 32 percent from a year earlier, as the company has faced macroeconomic headwinds that weakened consumer demand for electronic devices. The world’s largest memory chip and mobile phone maker said its operating profit for the three [...]

LG Energy Solution Expects Steep Decline in Q2 Profit amid Global Supply Disruptions

LG Energy Solution Expects Steep Decline in Q2 Profit amid Global Supply Disruptions

SEOUL, July 7 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Thursday it expects its second-quarter operating profit to shrink sharply from a year earlier due to global supply disruptions and China’s COVID-19 lockdowns. The company estimated operating income for the April-June period at 195.6 billion won (US$150.5 million), down 73 [...]

LG Electronics Estimates Q2 Operating Earnings Down 12 pct on Weaker Demand

LG Electronics Estimates Q2 Operating Earnings Down 12 pct on Weaker Demand

SEOUL, July 7 (Korea Bizwire) — LG Electronics Inc. on Thursday estimated its second-quarter operating profit decreased 12 percent year-over-year on weaker demand for TV and home appliances amid rising inflation and raw material costs. Its earnings guidance for the April-June period showed the tech company’s operating profit declined 12 percent from a year ago [...]

LG Electronics Expects Q1 Profit Up 6.4 pct on Strong Home Appliance Biz, One-off Patent Profits

LG Electronics Expects Q1 Profit Up 6.4 pct on Strong Home Appliance Biz, One-off Patent Profits

SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Thursday estimated its first-quarter operating profit to rise 6.4 percent from a year ago, driven by its strong home appliance and TV businesses, as well as one-off patent profits. In its earnings guidance, the South Korean tech firm projected its January-March operating profit at 1.88 [...]

Samsung Electronics Sees Estimate-beating 50.3 pct Jump in Q1 Profits on Brisk Chip, Mobile Biz

Samsung Electronics Sees Estimate-beating 50.3 pct Jump in Q1 Profits on Brisk Chip, Mobile Biz

SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. said Thursday it is likely to report its best first-quarter earnings in four years on the back of solid chip and mobile demand. In its earnings guidance, the South Korean tech giant estimated its operating profit at 14.1 trillion won (US$11.5 billion) for the first three [...]

LG Electronics Forecast to See Record Sales in Q4 on Strong Home Appliance Biz

LG Electronics Forecast to See Record Sales in Q4 on Strong Home Appliance Biz

SEOUL, Jan. 7 (Korea Bizwire) — LG Electronics Inc. estimated Friday its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink due largely to increased logistics costs. The company expected to log 21 trillion won (US$17.5 billion) in sales for the [...]