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ISW Holdings Inc. (ISWH) Reports Record Revenue, Forecasts $7M per Month

NEW YORK, Dec. 20 (Korea Bizwire) – ISW Holdings Inc. (OTC: ISWH) today announces its placement in an editorial published by NetworkNewsWire (“NNW”), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities. To view the full publication and forward-looking statements, please visit: https://nnw.fm/YrdIL Developments are translating to revenue and cash [...]

Brokerages’ Q3 Net Up 10.5 pct on Increased Investment Gains

SEOUL, Nov. 28 (Korea Bizwire) — South Korean brokerage firms saw their combined net profits rise 10.5 percent in the third quarter from three months earlier, due to increased income from their proprietary trading, data showed Sunday. The combined net profit of 58 brokerages stood at 2.52 trillion won (US$2.1 billion) in the July-September period, [...]

Insurers’ Earnings Soar 37.3 pct in Jan.-Sept.

SEOUL, Nov. 25 (Korea Bizwire) – South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday. The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in [...]

Sportradar Announces Strong Third Quarter 2021 Financial Results

SANKT GALLEN, Switzerland, Nov. 17 (Korea Bizwire) — Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or “the Company”), a leading global technology platform enabling next generation engagement in sports, and the number one provider of business-to-business solutions to the global sports betting industry, today announced financial results for its third quarter ended September 30, 2021. Third [...]

Asiana Shifts to Loss in Q3 on One-off Costs

SEOUL, Nov. 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it swung to a net loss in the third quarter from a year earlier on foreign-exchange losses and one-off costs. Asiana logged a net loss of 386.19 billion won (US$327 million) on a consolidated basis in the three months ending [...]

E-commerce Giant Coupang Reports Larger Losses in Q3 Despite Record Sales

SEOUL, Nov. 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. on Friday reported a sharp increase in net losses for the third quarter despite record-high sales revenue, due largely to operational costs and investment. Net losses over the July-September period came to US$323.97 million, up 87 percent from US$173 million a year before, [...]

Korean Air Swings to Black in Q3 on Cargo Demand

SEOUL, Nov. 12 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it swung to the black in the third quarter compared with a year earlier, helped by strong cargo demand amid the extended COVID-19 pandemic. For the three months ended in September, Korean Air shifted to a net profit of [...]

AKWEL: Revenue for the Third Quarter of 2021

Champfromier, France, Nov. 10 (Korea Bizwire) — AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid and mechanism management, posted consolidated revenue of €699.1m over the first nine months of 2021, up by 7.7% compared to the same period last year. Consolidated revenue (1 January to 30 September 2021) In € millions – [...]

NCSOFT Q3 Net Down 34.8 pct on Poor Performance of New Titles

SEOUL, Nov. 11 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Thursday that its net profit fell 34.8 percent in the third quarter from a year earlier due partly to poor performance of its new titles. Net profit stood at 99.5 billion won (US$84.3 million) during the July-September [...]

Top 10 Brokerages Log Record Earnings This Year

SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s leading securities companies posted record earnings in the first nine months of this year on a stock market boom, industry sources said Thursday. The country’s top 10 brokerage housed are estimated to have registered a combined net profit of around 7 trillion won (US$5.9 billion) for the [...]