earnings preview Archives | Be Korea-savvy

Hyundai, Kia Q1 Net Estimated to Have Soared on Base Effect, SUV Sales

SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — are expected to have raked in solid earnings in the first quarter of the year on a base effect and an improved product mix, analysts said Wednesday. In the first quarter of 2020, Hyundai [...]

POSCO Q4 Profit Tipped to Jump Despite Pandemic

SEOUL, Jan. 24 (Korea Bizwire) – POSCO, the world’s fifth-largest steelmaker by output, is expected to have logged double-digit operating profit growth in the fourth quarter on increased demand despite the coronavirus pandemic. Strong demand for steel products in China and a hike in steel prices likely buoyed the company’s bottom line in the October-December [...]