SEOUL, Aug. 16 (Korea Bizwire) — SK Group, a South Korean telecom-to-chemicals conglomerate, ranked first in first-half net profit, beating Samsung Group on equity gains from its affiliates, a local market data provider said Sunday. In the six months that ended in June, SK Group’s consolidated net profit jumped 32 percent to 6.19 trillion won [...]
SEOUL, Aug. 13 (Korea Bizwire) — Starbucks Korea on Thursday reported a 52 percent on-year jump in second-quarter net profit on increased non-contact orders and the opening of new outlets. Net profit for the second quarter jumped to 46.2 billion won (US$39 million) from 30.3 billion won a year ago, according to second-quarter earnings results [...]
SEOUL, Aug. 13 (Korea Bizwire) — Big Hit Entertainment, the label-management agency of K-pop giant BTS, announced Thursday that its estimated sales revenue during the first half of 2020 reached 294 billion won (US$244.8 million) on the back of strong album sales and paid online concert revenues. In a biannual corporate briefing held on YouTube, [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s major entertainment firms have posted mixed earnings reports for the second quarter, as the novel coronavirus pandemic has had a disproportionate impact on each sector. Studio Dragon, a drama production company owned by entertainment giant CJ ENM, seems to be the biggest winner for the April-June period, [...]
GAITHERSBURG, Md., Aug. 10 (Korea Bizwire) — Novavax, Inc. (NASDAQ: NVAX), a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced its financial results and operational highlights for the second quarter ended June 30, 2020. “Novavax’ unprecedented development activities for NVX-CoV2373 and progress continued through the second quarter,” said Stanley C. Erck, [...]
PHOENIX, Aug. 10 (Korea Bizwire) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini Holdings” or the “Company”) (Nasdaq: WSC), a North American leader in turnkey modular space and portable storage solutions, today announced second quarter 2020 financial results, provided an update on the recently closed merger and the current market environment, and accordingly, updated [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s two full-service carriers delivered earnings surprises, bucking market forecasts of an extended slump amid the pandemic as they focused on carrying more cargo to offset lower passenger demand amid the new coronavirus outbreak. In the April-June quarter, Korean Air Lines Co. and Asiana Airlines Inc. turned around [...]
SEOUL, Aug. 7 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical firm, said Friday that its net profit jumped 77 percent on-year in the second quarter on the back of robust sales of its blockbuster biosimilar, Truxima. Net profit came to 138.6 billion won (US$117 million) during the April-June period on a consolidated [...]
SEOUL, Aug. 7 (Korea Bizwire) — Asiana Airlines Inc. said Friday it shifted to a net profit in the second quarter from a year earlier as cargo-carrying volumes offset lower travel demand amid the new coronavirus outbreak. The country’s second-biggest carrier swung to a net profit of 116.15 billion won (US$98 million) in the April-June [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korean telecom giant KT Corp. said Friday its second-quarter net income rose 2.2 percent from the previous year on the back of reduced costs amid the pandemic and growing demand for its non-mobile services. Net income reached 207.6 billion won (US$174.7 million) in the April-June period, compared with [...]