SOUTHAMPTON, Pa., July 14 (Korea Bizwire) – Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the thirteen week period ended May 27, 2022 (the “2023 first quarter”). Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President, stated, “We are pleased with the 32% increase in sales vs. prior [...]
TORONTO, June 22, 2022 (Korea Bizwire) – AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2022. AGF reported total assets under management and fee-earning assets1 of $40.3 billion compared to $42.0 billion as at February 28, 2022 and $40.8 billion as at May 31, 2021. “This quarter marked AGF’s [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s major firms saw their earnings nearly double to hit a 20-year high in 2021, despite the prolonged coronavirus pandemic, a corporate tracker said Wednesday. The combined bottom line of the country’s leading 1,000 companies by sales stood at 127.1 trillion won (US$98 billion) last year, up 99.6 [...]
Highlights of Q1 2022 Net Revenue of over EUR 94 million, more than doubling Q1 2021, mainly driven by strong growth in the Platform segment. Adjusted EBITDA of nearly EUR 6 million, up 118% compared to Q1 2021, primarily boosted by the Premium Games segment. Expanded the partnership with Ubisoft, adding 10 exclusive titles, following [...]
SEOUL, May 30 (Korea Bizwire) — The combined net profit of insurance firms in South Korea dropped by more than 21 percent in the first quarter of this year amid the pandemic and a decline in asset value, regulator’s data showed Monday. The net profit of 53 major insurers here totaled 3.05 trillion won (US$2.45 [...]
SEOUL, May 23 (Korea Bizwire) — Foreign bank branches in South Korea saw their combined net profit down 4.5 percent in 2021 due to a rise in securities-linked losses amid market downswings, data showed Monday. The combined net income of 35 foreign lenders’ local branches stood at 1.15 trillion won (US$904.4 million) in the fiscal [...]
SEOUL, May 18 (Korea Bizwire) — South Korean listed firms saw their first-quarter earnings fall from a year ago amid fast-rising inflation despite growths in operating profit and sales, the bourse operator’s data showed Wednesday. The consolidated net profit of 608 companies listed on the benchmark KOSPI totaled 41.69 trillion won (US$32.84 billion) in the [...]
SEOUL, May 17 (Korea Bizwire) — South Korea’s major cinema chains remained in the red in the first quarter of this year amid the protracted COVID-19 pandemic, but the lifting of distancing rules will likely provide them fresh momentum for a possible turnaround in the coming quarters, data showed Tuesday. CJ CGV, the No. 1 [...]
ABU DHABI, Arab Emirates, May 16 (Korea Bizwire) — Agthia Group PJSC, one of the region’s leading food and beverage companies, announced today that its quarterly net revenues surpassed AED 1 billion in Q1 2022 for the first time since its inception, registering a 58% year-on-year growth. Group net profit attributable to shareholders was AED [...]
SEOUL, May 16 (Korea Bizwire) — South Korean online lender K-Bank said Monday its earnings shot up in the first quarter of the year on the back of a jump in interest income. Net profit stood at 24.5 billion won (US$19.1 million) in the January-March period, higher than its net income of 22.5 billion won [...]