SEOUL, Jan. 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its fourth-quarter net profit rose 30 percent from a year earlier on a weak won and increased SUV sales. Net profit for the three months ended in December jumped to 1.248 trillion won (US$1.04 billion) from 961.6 billion won during the [...]
SEOUL, Jan. 25 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday it inked narrowed losses last year but remains in a complete capital erosion. Net losses narrowed to 292.9 billion won (US$244 million) in 2021 from 504.34 billion won a year earlier on companywide [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Tuesday its fourth-quarter net profit plunged 41 percent from a year earlier as extended chip shortages affected vehicle production and sales. Net profit for the three months ended in December came to 701.4 billion won (US$585 million) from 1.183 trillion won a year [...]
Dubai, Jan. 25 (Korea Bizwire) – Vista Global Holding (Vista), the world’s leading private aviation group, provides a 2022 market update and overview into the exceptional 2021 performance for all its operating divisions, including its market-leading VistaJet and XO brands. 2021 was yet another record-breaking year for Vista, with sales of the Group’s subscription solutions and services [...]
Fourth-quarter highlights Group sales amounted to EUR 4.9 billion, with a 10% comparable sales decline Comparable order intake increased 4%, driven by double-digit growth in the Diagnosis & Treatment businesses Income from continuing operations amounted to EUR 139 million and included an impact of EUR 220 million related to the addition to the Respironics field [...]
SEOUL, Jan. 13 (Korea Bizwire) – Apple Korea’s sales jumped 24 percent on-year to hit 7.1 trillion won (US$5.97 billion) last year, data showed Thursday. The South Korean unit of U.S. tech giant Apple Inc. — Apple Korea Ltd.– logged 7.1 trillion won (US$5.97 billion) in sales from Oct. 1, 2020 to Sept. 30 last [...]
SEOUL, Jan. 12 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Wednesday that it logged its largest earnings ever last year on the back of strong demand for key products and high prices. Its operating income stood at 9.2 trillion won (US$7.73 billion) last year on a consolidated basis, compared with an operating profit [...]
Amsterdam, the Netherlands, Jan. 12 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on the fourth-quarter 2021 and full-year 2021 financial results. Group sales for the quarter are expected to be approximately EUR 4.9 billion, which is around EUR 350 million lower than Philips’ earlier expectations. [...]
VICTOR, N.Y., Jan. 6 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third quarter fiscal 2022 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Thursday, [...]
SEJONG, Dec. 23 (Korea Bizwire) — South Korean firms’ earnings plunged to a six-year low in 2020 in the wake of the coronavirus pandemic, government data showed Thursday. The combined pretax net profit of 13,429 companies came to 97.7 trillion won (US$82 billion) in 2020, down 3.9 percent from the prior year and marking the [...]