SEOUL, Aug. 7 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its 5G equipment from China’s Huawei Technologies Co. does not pose security risks, downplaying U.S. concerns that they can be used for espionage by China. Last month, Robert Strayer, the U.S. deputy assistant secretary of state for cyber [...]
GAITHERSBURG, Md., Aug. 6 (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 second quarter 2020 financial and operating results following the close of U.S. financial markets on Monday, August 10, 2020. Conference call details are as follows: Date: [...]
MONTRÉAL, Aug. 6 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today its financial results for the second quarter of 2020 and provided an update on the actions the company is taking to manage the business through the COVID-19 pandemic. Bombardier also provided an update on the status of the previously announced divestitures undertaken to reshape [...]
SEOUL, Aug. 6 (Korea Bizwire) — Korean Air Lines Co. said Thursday it shifted to a net profit in the second quarter from a year earlier helped by strong cargo demand despite the new coronavirus outbreak. The country’s biggest carrier swung to a net profit of 162.4 billion won (US$137 million) in the April-June quarter [...]
SEOUL, Aug. 6 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its second-quarter net profit jumped nearly five times from a year earlier on the back of robust growth of its e-commerce and contents services based on its messenger platform. Net profit reached 145.2 billion won (US$122.2 [...]
SEOUL, Aug. 6 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, said Thursday its second-quarter net income jumped 66.8 percent from a year earlier due to increased equity gains and improved mobile business. Net income reached 432.2 billion won (US$365.1 million) in the April-June period, compared with 259.1 billion won the previous [...]
MONTREAL, Aug. 5 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the second quarter ended June 30, 2020 on August 6, 2020. On August 6, 2020 at 8:00 a.m., EDT, Éric Martel, President and Chief Executive Officer; John Di Bert, Senior Vice President and Chief Financial Officer; and Patrick Ghoche, Vice President, [...]
SEOUL, Aug. 5 (Korea Bizwire) — Kakao Bank, South Korea’s top internet-only lender, said Wednesday its second-quarter earnings soared nearly ninefold from a year ago due mainly to more interest income. Net profit came to 26.8 billion won (US$22.5 million) in the April-June period, up 793.3 percent from a year earlier, the lender said in [...]
WESTCHESTER, Ill., Aug. 4 (Korea Bizwire) – Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, today reported results for the second 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 financial measures [...]
CHAMPFROMIER, FRANCE, July 30 (Korea Bizwire) - AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, has posted consolidated turnover of €387m in the first half of 2020, down by 31.7% compared to the first half of 2019. Consolidated turnover (1 January to 30 June 2020) In € millions – [...]