SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s financial holding firms saw their combined net profit jump 7.9 percent in the first half this year primarily due to higher interest income, data showed Tuesday. The combined net profit of KB Financial, Shinhan Financial and eight other financial holding firms stood at 12.41 trillion won (US$9.08 [...]
WILMINGTON, N.C., Sept. 1 (Korea Bizwire) – nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced financial results for its second quarter of fiscal year 2023, ended July 31, 2022. “We had a solid second quarter, and I am extremely proud of how well our team [...]
SEOUL, Aug. 31 (Korea Bizwire) — Toss Bank, one of the country’s internet-only banking services, on Wednesday said it suffered a massive loss in the first half of the year due to increased loan-loss reserves and other costs. Net loss came to 124.3 billion won (US$92.7 million) on a consolidated basis in the January-June period, [...]
The summary provided below relates to the Q2 and H1 2022 results of Azerion Holding B.V., which is the main operational holding subsidiary of Azerion Group N.V. Highlights of Q2 2022 Net Revenue of EUR 104 million, nearly doubling Q2 2021, driven by acquisitions and organic growth. Adjusted EBITDA approaching EUR 12 million, up by [...]
SHANGHAI, China, Aug. 31 (Korea Bizwire) — Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences”, HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, today announced its 2022 interim financial results and provided corporate updates. FINANCIAL HIGHLIGHTS Total revenue reached approximately RMB 946 million in the [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korean banks saw their net profit decline 9.9 percent on-year in the first half as their non-interest income shrank, data showed Thursday. Their combined net income came to 9.9 trillion won (US$7.5 billion) in the January-June period, compared with a profit of 11 trillion won tallied a year [...]
SEOUL, Aug. 16 (Korea Bizwire) – SsangYong Motor Co., the South Korean unit of Mahindra & Mahindra Ltd., said Tuesday its net losses narrowed in the first half from a year earlier, helped by increased exports. Net losses for the six months ending in June narrowed to 30.3 billion won (US$23 million) from 180.5 billion [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korean online lender K-Bank said Tuesday it posted the strongest performance for any first half on increased interest revenue. K-Bank’s first-half net income stood at 45.7 billion won (US$34.9 million), far beyond the 22.5 billion won annual net profit of last year and marking the highest first-half earnings [...]
SEOUL, Aug. 13 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Friday it shifted to a net loss in the second quarter from a year earlier on increased foreign-exchange losses. Asiana swung to a net loss of 212.92 billion won (US$163 million) on a consolidated basis in the three months ended in [...]
SEOUL, Aug. 12 (Korea Bizwire) — The state-run Korea Electric Power Corp. saw its net loss widen sharply in the second quarter of the year on frozen electricity rates amid higher fuel costs. The consolidated net loss came to 4.84 trillion won (US$3.7 billion) in the April-June period, compared with a loss of 661.97 billion [...]