earnings outlook Archives | Be Korea-savvy
Retail Giants’ Q2 Profits Tipped to More than Halve over Pandemic

Retail Giants’ Q2 Profits Tipped to More than Halve over Pandemic

SEOUL, June 18 (Korea Bizwire) — South Korea’s major retailers are expected to see their operating profits more than halve in the second quarter amid the new coronavirus pandemic, a poll showed Thursday. The combined operating profits of Lotte Shopping Co., Shinsegae Inc., E-Mart Inc. and Hyundai Department Store Co. are estimated to be 60.3 [...]

Korean Display Makers Likely to Suffer Q1 Operating Loss Due to Virus

Korean Display Makers Likely to Suffer Q1 Operating Loss Due to Virus

SEOUL, April 21 (Korea Bizwire) — South Korea’s two major display makers are expected to suffer an operating loss for the first quarter of the year, analysts here said Tuesday, due to the fallout from the novel coronavirus pandemic. Samsung Display Co., the display manufacturing affiliate of Samsung Electronics Co., was projected to have posted [...]

Samsung Electronics Tipped to Recover from Q3: Analysts

Samsung Electronics Tipped to Recover from Q3: Analysts

SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. is expected to bounce back from its first-quarter earnings shock from the third quarter of this year thanks to a recovery in chip demand, analysts said Thursday. Samsung’s net profit nose-dived 57 percent on-year to 5.04 trillion won (US$4.3 billion) in the January-March period, the lowest [...]