SEOUL, April 4 (Korea Bizwire) — The net profits of listed firms on South Korea’s main bourse hit an all-time high last year, expanding 160.56 percent on-year despite the pandemic, the bourse operator said Monday. The consolidated net profit of 595 firms listed on the benchmark KOSPI totaled 156.6 trillion won (US$128.6 billion) in 2021, [...]
SHANGHAI, China, March 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 financial results for the full year 2021 and provided corporate updates. Full Year 2020 Financial Highlights Total revenue reached RMB [...]
TORONTO, March 30 (Korea Bizwire) – Reported diluted earnings per share of $0.18 Mutual fund net sales of $330 million for the quarter Announces increase in quarterly dividend from $0.09 to $0.10 per share AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the first quarter ended February 28, 2022. [...]
SEOUL, March 30 (Korea Bizwire) — Asset management firms in South Korea saw their 2021 combined net earnings jump 67.1 percent from a year earlier thanks to a rise in commission revenue, data showed Wednesday. The combined net income of 348 firms came to 2.16 trillion won (US$2.01 billion) last year compared with 1.3 trillion [...]
TORONTO, March 28 (Korea Bizwire) — Digihost Technology Inc. (“Digihost” or the “Company”) (Nasdaq: DGHI; TSXV: DGHI), an innovative U.S. based Bitcoin (“BTC”) mining company, is pleased to provide a summary of the Company’s audited financial results for the year ended December 31, 2021 (all amounts in U.S. dollars, unless otherwise indicated), and provide a [...]
SEOUL, March 28 (Korea Bizwire) — Card firms in South Korea saw their combined earnings in 2021 jump thanks to a hike in commission revenue boosted by rebounding consumption from a pandemic-caused slowdown, industry data showed Monday. The combined net income of eight major card firms came to 2.71 trillion won (US$2.21 billion) last year, [...]
SEOUL, March 21 (Korea Bizwire) — Brokerage firms in South Korea saw their net profit grow sharply last year thanks to increased transactions fees, data showed Monday. According to the data from the Financial Supervisory Service, 58 brokerage firms reported 9.09 trillion won (US$7.5 billion) in their combined net profit last year, up 54.2 percent [...]
SEOUL, March 21 (Korea Bizwire) — Major overseas units of South Korean automaking titan Hyundai Motor Group were profitable in 2021 on brisk sales of eco-friendly vehicles and increased capacity utilization, company data showed Monday. Hyundai Motor Co., the group’s flagship, said its U.S. production unit swung to a net profit of 237 billion won [...]
ABU DHABI, United Arab Emirates, March 7 (Korea Bizwire) — Agthia Group PJSC, one of the region’s leading food and beverages companies, today announced Group net revenue reached AED 3.07 billion for 2021, equivalent to 49 percent year-on-year growth, following the consolidation and integration of key acquisitions into the business. Group net profit stood at [...]
SEOUL, March 3 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Thursday that its annual sales revenue and operating loss shot up to an all-time record last year due to increased costs from expansion and the pandemic. Coupang’s consolidated sales in 2021 jumped 54 percent on-year to US$18.4 billion, the largest volume since [...]