SEOUL, July 29 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Thursday its second-quarter net profit rose to the highest level ever on strong electric vehicle (EV) battery and petrochemical sales. LG Chem’s net profit came to 1.6 trillion won (US$1.4 billion) in the April-June period, skyrocketing 289.5 percent from a [...]
The Hague, July 29 (Korea Bizwire) – “We are stepping up our shareholder distributions today, increasing dividends and starting share buybacks, while we continue to invest for the future of energy. The quality of Shell’s operational and financial delivery and strengthened balance sheet have given the Board confidence to rebase the dividend per share from Q2 [...]
SEOUL, July 29 (Korea Bizwire) — Samsung Electronics Co. on Thursday expected solid chip demand to continue in the second half of the year with recovery in the mobile business after delivering robust second-quarter performance. Its net profit stood at 9.63 trillion won (US$8.3 billion) in the April-June period, up 73.4 percent from a year [...]
SEOUL, July 28 (Korea Bizwire) – LG Display Co., a major display panel maker in South Korea, on Wednesday said it has swung to the black in the second quarter of the year on the back of rising LCD panel prices and improvements in the OLED display business. The world’s leading large-size OLED display maker [...]
SEOUL, July 27 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Tuesday its second-quarter earnings jumped nearly sixfold on solid demand for electric vehicle (EV) battery products, hinting at a new battery factory in the United States in the near future to meet growing demand in the world’s most important automobile market. [...]
SEOUL, July 27 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, on Tuesday delivered robust second-quarter earnings on the back of strong memory demand in the market. SK hynix reported that its second-quarter net income stood at 1.98 trillion won (US$1.7 billion), up 56.5 percent from a year earlier. Operating profit for the [...]
July 26, 2021 (Korea Bizwire) – Second-quarter highlights Group sales increased to EUR 4.2 billion, with 9% comparable sales growth Comparable order intake decreased 15%, with strong double-digit growth in the Diagnosis & Treatment businesses and a decline in the Connected Care businesses on the back of COVID-19-related 167% growth in Q2 2020 Income from [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s two biggest carmakers, on Thursday reported strong second-quarter earnings on a base effect and strong sales of their high-end SUVs. Hyundai’s net profit for the three months that ended in June jumped to 1.98 trillion won (US$1.7 billion) from [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s top internet portal operator Naver Corp. said Thursday its net profit jumped nearly six times in the second quarter from a year earlier largely due to a stellar performance of its fintech and commerce businesses amid the new coronavirus pandemic. Net profit reached 540.6 billion won (US$468.5 [...]
SEOUL, July 22 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Thursday that its second-quarter net profit surged 18 times from a year earlier on robust demand amid the global economic recovery from the COVID-19 pandemic. Net profit for the three months that ended in June soared to 1.81 trillion won (US$1.57 [...]