SEOUL, Nov. 8 (Korea Bizwire) — Major listed firms in South Korea reported better-than-expected earnings in the third quarter, raising hopes for a quick recovery from the pandemic-hit economy, data showed Sunday. The combined operating income of 251 listed firms that disclosed earnings as of Friday totaled 32.6 trillion won (US$29.1 billion) for the July-September [...]
SEOUL, Nov. 6 (Korea Bizwire) — Lotte Shopping Co. said Friday it swung to a net profit in the third quarter on robust performance in its non-department store business amid the new coronavirus outbreak. Net income reached 3 billion won (US$2.7 million) in the July-September period, a turnaround from a net loss of 23.3 billion [...]
SEOUL, Nov. 6 (Korea Bizwire) — KT Corp., a major South Korean telecom operator, said Friday its net income rose 7.9 percent in the third quarter from a year earlier due to cost reduction. Net income reached 230.1 billion won (US$204 million) in the July-September period on a consolidated basis, compared with a profit of [...]
PHOENIX, Nov. 5 (Korea Bizwire) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini Holdings” or the “Company”) (Nasdaq: WSC), the North American leader in turnkey modular space and portable storage solutions, today announced third quarter 2020 financial results, provided an update on the recently closed merger and the current market environment, and updated its [...]
SEOUL, Nov. 5 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Thursday its net losses widened in the third quarter from a year earlier amid the pandemic. Net losses widened to 385.93 billion won (US$343 million) in the three months that ended in September from 211.85 billion won in the same [...]
London, UNITED KINGDOM, Nov. 5 (Korea Bizwire) – The following is an extract from the “CNH Industrial 2020 third quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: https://www.cnhindustrial.com/en-us/media/press_releases/Pages/default.aspx or consulting the accompanying PDF: CNH Industrial reports strong results, with all divisions performing ahead [...]
Quarterly Revenue of $728.1 million Quarterly GAAP Operating Income of $101.1 million Quarterly Non-GAAP Operating Income of $138.9 million Quarterly GAAP EPS of $0.38 Quarterly Non-GAAP EPS of $0.84 September 30, 2020 net debt leverage ratio was 1.3x, reduced from 3.8x at June 30, 20201 PITTSBURGH, Nov. 5 (Korea Bizwire) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI,” [...]
Total revenues(1) of $3.5 billion, lower by 5% year-over-year due to pandemic-related disruptions and divestitures; Business Aircraft revenues reached $1.2 billion on 24 deliveries, growing 10% year-over-year, driven by accelerating Global 7500 deliveries Total adjusted EBITDA(1)(2) of $176 million; $15 million of reported total EBIT(1)(2) Free cash flow usage(2) of $0.7 billion, continuing to target breakeven for the second half [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecom operator, downplayed concerns Thursday over its use of network equipment by Huawei Technologies Co. amid U.S. pressure to sever ties with the Chinese company, citing the completion of equipment installation and a healthy backlog for maintenance. The United States has repeatedly [...]
SEOUL, Nov. 5 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Thursday its net income rose more than 40 percent in the third quarter from a year earlier on the back of robust growth in its media business. The telecom operator’s net income stood at 395.7 billion won (US$350.5 million) in [...]