SEOUL, April 3 (Korea Bizwire) — Samsung Electronics Co. is expected to post relatively solid earnings in the first quarter of the year despite the novel coronavirus pandemic, analysts here said Friday, as its chip business is likely to offset losses in the smartphone and consumer electronics sectors. Samsung, the world’s largest memory chip and [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s major refiners may see their earnings continue to slide in the current quarter due largely to weakened cracking margins, sliding oil prices and the Korean won’s weakness, analysts here said Tuesday. South Korea’s top four refiners — SK Innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai [...]
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 [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean brokerages have cut their forecasts for the first-quarter operating profits of major listed firms by 33 percent since earlier this year, as the companies are expected to feel the pinch of slowing global demand and the U.S.-China trade dispute, a market researcher said Wednesday. Brokerages expected 136 [...]