SEOUL, Oct. 8 (Korea Bizwire) – Samsung Electronics Co. said Friday it expected to post record sales in the third quarter of the year, apparently buoyed by its semiconductor business. In its earnings guidance, the South Korean tech giant estimated its sales at 73 trillion won (US$61.2 billion) for the July-September period, up 9 percent [...]
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 [...]
SEOUL, July 7 (Korea Bizwire) — LG Electronics Inc. said Wednesday it expected a solid performance in the second quarter as its home appliance business apparently continued to ride on robust demand of premium products amid the pandemic. In its earnings guidance, the South Korean tech giant projected its operating profit at 1.1 trillion won [...]
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 [...]
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 [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Wednesday expected its best-ever quarterly performance in the first quarter as its home appliance and TV sales apparently basked in pent-up demand amid the pandemic. In its earnings guidance, the South Korean tech firm projected its operating profit at 1.51 trillion won (US$1.3 billion) for [...]
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 [...]
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 [...]
SEOUL, Jan. 8 (Korea Bizwire) — Samsung Electronics Co. on Friday forecast solid fourth-quarter earnings as its cash cow chip business apparently stayed afloat in the face of the weakness of the U.S. dollar and the resurgence of novel coronavirus infections to cover mediocre performance in its mobile business. In its earnings guidance, the South [...]
SEOUL, July 7 (Korea Bizwire) – LG Electronics Inc. on Tuesday delivered market estimate-beating second-quarter earnings as its home appliance business apparently performed better than expected amid the novel coronavirus pandemic. In its earnings guidance, South Korea’s No. 2 electronics firm estimated its operating profit to be 493.1 billion won (US$412 million) for the April-June [...]