SEOUL, May 13 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount store chain by sales, on Thursday said its net profit more than doubled in the first quarter from a year earlier, largely helped by a rebound in offline sales. The retail giant’s net profit for the January-March period came to 102.1 billion won [...]
SEOUL, May 13 (Korea Bizwire) — SK Innovation Co., South Korea’s refinery-to-battery company, said Thursday it continued to suffer losses in the first quarter despite its strong earnings from its petrochemical business as it reflected hefty settlement costs for a battery suit with its bigger rival LG Energy Solution Ltd. SK Innovation booked a net [...]
NEW YORK, May 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Wednesday its first-quarter sales hit a new high, but operating losses widened sharply due to increased costs and investment. Sales stood at US$4.21 billion in the January-March period, up 74 percent from a year earlier, Coupang said in a regulatory filing. The [...]
NidlegyTM on track for Phase III European trial in stage IIIB/C melanoma. Opening of additional clinical centers to boost recruitment rate is ongoing. Emerging promising data in non-melanoma skin cancers Fibromun on track for the six ongoing trials in Soft Tissue Sarcoma and High-Grade Glioma Philogen is well capitalized, with cash & cash equivalents of about € 120 million Philogen’s management team will hold a [...]
SEOUL, May 12 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Wednesday its first-quarter net profit rose 35 percent from a year earlier on the back of growth in 5G network subscriptions. Net income for the January-March period stood at 200.9 billion won (US$178.9 million), compared with 148.8 billion won the [...]
SEOUL, May 11 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its first-quarter net profit rose 43.7 percent from a year earlier on the back of growth in 5G users and new tech businesses. Net income for the January-March period stood at 326.5 billion won (US$292 million) on a consolidated basis, [...]
SEOUL, May 11 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday its first-quarter net income nearly doubled on the back of increased equity gains and growth in its 5G subscriber base. Net profit stood at 572 billion won (US$510.8 million), up 86.95 percent from a year earlier, while operating profit [...]
CHAMPFROMIER, France, May 7 (Korea Bizwire) — AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted consolidated turnover of €273.3m in the first quarter of 2021, virtually unchanged compared to the first quarter of 2020. However, activity remains down by -6.7% compared to the first [...]
Business jet revenues of $1.3 billion, up 18% year-over-year, mainly driven by a favourable mix of large-cabin aircraft deliveries, including eight Global 7500 aircraft Adjusted EBITDA(1) from continuing operations of $123 million, up 43% year-over-year, reflecting an improved aircraft mix, Global 7500 aircraft learning curve progress and cost structure improvements; adjusted EBIT(1) from continuing operations of $29 million. Reported EBIT from [...]
SEOUL, May 6 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its first-quarter net profit jumped nearly four times from a year earlier on the back of robust growth of its mobility and fintech businesses amid the pandemic. Net profit reached 239.9 billion won (US$213.7 million) in [...]