SEOUL, Sept. 8 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. is expected to see its third-quarter operating profit top 10 trillion won (US$8.42 billion) on a recovery in sales of smartphones, TVs and other home appliances, analysts said Tuesday. If the market forecast becomes a reality, it would mark the first time [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s leading shipper HMM Co. is forecast to return to the black in the second quarter of the year, snapping its 21 consecutive quarters of net losses, on the back of a rise in shipping charges and decreasing fuel costs, industry sources said Sunday. “The rosy outlook of [...]
SEOUL, Aug. 5 (Korea Bizwire) — Despite the coronavirus pandemic, South Korea’s two full-service airlines are expected to swing to a profit for the second quarter on increased cargo demand, industry sources said Wednesday. But seven low-cost carriers (LCCs) are widely predicted to suffer greater setbacks in the April-June period as the COVID-19 outbreak has [...]
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 [...]
SEOUL, June 8 (Korea Bizwire) — Earnings forecasts for South Korea’s listed firms rebounded from a long downturn last week amid rising hopes for their possible exit from the coronavirus shock, a market tracker said Monday. Companies listed on the country’s main stock market saw the average estimate of their earnings per share (EPS) for [...]
SEOUL, May 12 (Korea Bizwire) — South Korean oil refiners’ earnings are unlikely to bounce back in the second quarter of the year following record losses three months earlier, industry sources said Tuesday. Pounded by the triple whammy of the coronavirus pandemic, tumbling oil prices and sluggish refining margins, industry leader SK Innovation Co. and [...]
SEOUL, April 22 (Korea Bizwire) — South Korean brokerage houses have sharply cut their first-quarter earnings outlook for major refiners and chemical makers on tumbling oil demand and prices due to the coronavirus outbreak, a market tracker said Wednesday. According to FnGuide, 13 oil refiners, gas firms and chemicals manufacturers are estimated to post a [...]
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 [...]
SEOUL, April 16 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to see an earnings rebound in the first quarter of the year, analysts here said Thursday, on the back of robust demand for server chips amid the novel coronavirus pandemic. SK hynix, a major memory chip producer, was projected [...]
SEOUL, April 11 (Korea Bizwire) — South Korean telecommunication firms are expected to post weak earnings in the first quarter of the year, analysts here said, as 5G marketing costs still weigh down their bottom lines amid the novel coronavirus outbreak. The combined operating profit of the country’s three mobile operators — SK Telecom Co., [...]