SEOUL, May 15 (Korea Bizwire) — HMM Co. said Monday its first-quarter earnings tumbled more than 90 percent on-year on sluggish shipping rates amid decreased cargo volume. Net profit came to 285.3 billion won (US$214 million) in the January-March period, down 90.9 percent from a year earlier, South Korea’s top container shipper said in a [...]
SEOUL, May 11 (Korea Bizwire) — Lotte Chemical Corp. said Thursday it expects to generate at least 7 trillion won (US$5.26 billion) in annual revenue from its secondary battery components segment by 2030, as the recent acquisition of a local copper foil maker and other projects for a green transition will take hold. “We think [...]
SEOUL, May 11 (Korea Bizwire) — McDonald’s Korea said Thursday its net losses widened in 2022 from a year earlier, despite strong sales. Net losses deepened to 36.3 billion won (US$27.4 million) last year from 34.9 billion won in 2021, the South Korean unit of U.S. fast food giant McDonald’s said in a regulatory filing. [...]
SEOUL, May 11 (Korea Bizwire) — SK Biopharmaceuticals Co., a biopharmaceutical affiliate of SK Group, said Thursday its first-quarter net loss narrowed from a year earlier thanks to robust sales of its flagship epilepsy medication. The company said in a regulatory filing its net loss for the January-March period reached 2.4 billion won (US$1.8 million) [...]
The following is an extract from the “Iveco Group 2023 First Quarter Results” press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF: Iveco Group consolidated revenues of €3.4 billion (up 11.5% year-on-year). Adjusted EBIT of €162 million and adjusted net income [...]
SEOUL, May 11 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Thursday its first-quarter net profit declined 32 percent from a year earlier due to a base effect. KT’s net income amounted to 309.6 billion won (US$234.2 million) on a consolidated basis in the first three months of the year, down [...]
SEOUL, May 11 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Thursday its first-quarter net profit declined 9 percent from a year earlier due to compensation for network failures earlier this year. Its net income reached a net profit of 155.1 billion won (US$117.7 million) for the January-March period on [...]
SEOUL, May 11 (Korea Bizwire) — Three major South Korean casino operators have said they swung to profit in the first quarter from a year earlier due to a hike in tourism amid eased COVID-19 restrictions. Net profit of Kangwon Land Inc., the state-run casino operator, came to 101.5 billion won (US$76.9 million) in the [...]
SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its first-quarter net profit jumped 37.3 percent from a year earlier thanks to increased dividend income. The company logged a net profit of 302.5 billion won (US$228.6 million) on a consolidated basis in the January-March period, down from 220.3 [...]
SEOUL, May 10 (Korea Bizwire) — Coupang Inc. said Wednesday it racked up a profit in the first quarter and posted a record-high quarterly net revenue and gross profit, thanks to the company’s operational improvement and increased sales. The net profit of South Korea’s top e-commerce retailer reached US$90.9 million in the first quarter, compared [...]