SEOUL, July 27 (Korea Bizwire) – LG Chem Ltd. said Wednesday its second-quarter net income shrank 54.1 percent from a year earlier, dented by higher oil prices, global inflation and China’s COVID-19 lockdowns. Net income came to 718.3 billion won (US$547 million) in the April-June period, compared with 1.56 trillion won the previous year, the [...]
SEOUL, July 27 (Korea Bizwire) – LG Display Co. said Wednesday it turned to red in the second quarter on production disruptions caused by China’s COVID-19 lockdowns and sluggish demand for display panels used in electronics products. The panel maker reported its second-quarter net loss of 382 billion won (US$290.8 million), turning from a profit [...]
SEOUL, July 27 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Wednesday it aims to boost annual sales by more than threefold and achieve double-digit operating profit margins in the next five years through active foreign expansion and by securing stable supply. Unveiling the mid-to long-term strategies, the South Korean battery maker said it [...]
SEOUL, July 27 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged record quarterly sales and the best second-quarter operating profits in four years, driven by the sales of NAND flash and positive currency effects. The world’s second-largest memory chip maker reported its second-quarter net income of 2.87 trillion won (US$2.2 billion), up 44.7 [...]
July 25 (Korea Bizwire) Highlights Group sales amounted to EUR 4.2 billion, with a 7% comparable sales decline mainly caused by continued supply shortages and prolonged lockdowns in China, on the back of 9% comparable sales growth in Q2 2021 Order book remains strong; comparable order intake increased 1% and includes a 5 percentage-points negative [...]
SEOUL, July 22 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday its second-quarter net profit jumped 40 percent from a year earlier on an improved product mix and a weak won. Net profit for the three months ended in June rose to 1.88 trillion won (US$1.43 billion) from 1.34 trillion won in [...]
SEOUL, July 21 (Korea Bizwire) — POSCO Holdings Inc., the holding company of South Korea’s top steelmaker, said Thursday its second-quarter net profit almost stayed flat from a year earlier amid soaring material prices and robust performance at its non-steelmaking affiliates. Its net profit stood at 1.8 trillion won (US$1.38 billion) on a consolidated basis [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday its second-quarter net profit jumped 56 percent from a year earlier on improved product mix and a weak won. Net profit for the three months ended in June rose to 3.08 trillion won (US$2.34 billion) from 1.98 trillion won during the same [...]
Turin, July 19 (Korea Bizwire) – Iveco Group N.V. (MI: IVG) confirmed today that its financial results for the Second Quarter of 2022 will be presented on Thursday, 28th July 2022. A live audio webcast of the 2022 Second Quarter results conference call will begin at 10.30am CEST / 9.30am BST on Thursday, 28th July 2022. Details for accessing [...]
PHOENIX, July 18 (Korea Bizwire) — WillScot Mobile Mini Holdings Corporation (Nasdaq: WSC) today announced that it will release its second quarter 2022 financial results on Wednesday, August 3, 2022, after the markets close. Chief Executive Officer, Brad Soultz and President and Chief Financial Officer, Tim Boswell will host a conference call and webcast on [...]