SEOUL, Nov. 5 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its third-quarter net profit jumped nearly three times from a year earlier on the back of robust growth of its e-commerce services based on its messenger platform. Net profit reached a quarterly high of 143.7 billion [...]
HOUSTON, Nov. 4 (Korea Bizwire) — Bristow Group Inc. (NYSE: VTOL) today reported net loss attributable to the Company of $27.9 million, or $0.95 per diluted share, for its second quarter ended September 30, 2020 (“current quarter”) on operating revenues of $295.7 million compared to net income attributable to the Company of $71.5 million, or $5.16 [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s leading travel agencies saw massive on-year losses in the third quarter this year, as the new coronavirus pandemic hampered the companies’ overseas tour businesses, data showed Wednesday. The country’s top tour agency Hana Tour Co. logged 10.07 billion won in sales in July-September, down 94.5 percent from [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, on Wednesday reported estimate-beating third-quarter earnings on the back of a recovery in demand for mobile chips amid the pandemic. Its net profit stood at 1.07 trillion won (US$950.4 million) in the third quarter of the year, up 117.5 percent from a [...]
GAITHERSBURG, Md., Nov. 3 (Korea Bizwire) — Novavax, Inc. (Nasdaq: NVAX), a late stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced it will report its third quarter 2020 financial and operating results following the close of U.S. financial markets on Monday, November 9, 2020. Conference call details are as follows: Date: [...]
WESTCHESTER, Ill., Nov. 1 (Korea Bizwire) – Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported results for the third quarter 2020. The results, reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for 2020 and 2019, include items that are excluded from the non-GAAP [...]
SEOUL, Oct. 30 (Korea Bizwire) — LG Electronics Inc. said Friday its net profit nearly doubled in the third quarter from a year earlier on the back of strong global demand for its TVs and home appliances amid the coronavirus pandemic. The South Korean tech giant said its net income reached 649.2 billion won (US$573.6 [...]
The Hague, Oct. 29 (Korea Bizwire) - Shell today announced a cash allocation framework that will enable it to reduce debt, increase distributions to shareholders, and allow for disciplined growth as it reshapes its business for the future of energy. Ongoing work to reshape Shell’s portfolio is expected to deliver continued cash generation to grow its [...]
PARIS, FRANCE, Oct. 29 (Korea Bizwire) – Q3 2020 sales growth(2) driven by strong Dupixent® and flu vaccines demand. Net sales were €9,479 million, up 5.7%(2) at CER and down 0.2% on a reported basis. Specialty Care sales grew 23.8%, driven by strong Dupixent® performance (+68.6% to €918 million) and growth in all franchises. Vaccines sales up 13.6%, driven [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday its net profit nearly tripled in the third quarter from a year earlier on the back of booming online goods transactions on its platform amid the pandemic. Net profit reached 235.3 billion won (US$207.5 million) in the July-September period, [...]