SEOUL, Jan. 28 (Korea Bizwire) — Samsung Electronics Co. on Thursday said it expects downbeat first-quarter results on the weak U.S. dollar and uncertainties over the novel coronavirus pandemic after announcing a solid fourth-quarter performance, although demand for chips and smartphones will remain strong. The company presented a conservative view on a so-called “super cycle” [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday it posted a record revenue in 2020 on strong battery sales, vowing to expand its battery unit’s production capacity to meet growing demand for electric vehicle (EV) batteries. Its annual sales rose 9.9 percent to 30.6 trillion won (US$278.6 [...]
TORONTO, Jan. 27 (Korea Bizwire) – Reported mutual fund net sales of $88 million for the fourth quarter, a $269 million improvement over prior year Completed the sale of Smith & Williamson, receiving $250.4 million in proceeds, resulting in a strengthened balance sheet, with $94 million in cash and no debt as at November 30, [...]
SEOUL, Jan. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its fourth-quarter net profit nearly tripled from a year earlier on an improved product mix despite the coronavirus pandemic. Net profit for the three months ended December jumped to 976.75 billion won (US$884 million) from 346.36 billion won a year earlier, [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, on Wednesday said it shifted to a net profit in the fourth quarter of 2020, on the back of increased demand of its panels for IT products and sales of OLED displays amid the pandemic-induced stay-at-home trend. LG [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Co. said Tuesday its fourth-quarter net profit jumped 78 percent from a year earlier on robust sales of high-end models amid the coronavirus pandemic. Net profit for the three months that ended in December jumped to 1.37 trillion won (US$1.24 billion) from 772 billion won in the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, said Tuesday its net income increased 18.8 percent on-year in 2020 on the back of improved factory utilization and increased sales. The company’s net profit reached 241 billion won (US$217.8 million) in 2020, compared with a net [...]
Amsterdam, NETHERLANDS, Jan. 25 (Korea Bizwire) – Fourth-quarter highlights • Sales amounted to EUR 6.0 billion, with 7% comparable sales growth • Comparable order intake increased 7% • Income from continuing operations increased to EUR 608 million, compared to EUR 550 million in Q4 2019 • Adjusted EBITA margin increased to 19.0% of sales, compared [...]
London, Jan. 19 (Korea Bizwire) - CNH Industrial (NYSE: CNHI / MI: CNHI) announced today that its financial results for the Fourth Quarter and Full Year of 2020 will be released on Wednesday, February 3, 2021. A live audio webcast of the 2020 Fourth Quarter and Full Year results conference call will begin at 3:30 p.m. [...]
VICTOR, N.Y., Jan. 7 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third quarter fiscal 2021 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, [...]