SEOUL, July 27 (Korea Bizwire) — SsangYong Motor Co. on Monday reported a net loss in the second quarter, marking the 14th straight quarter of losses, on the new coronavirus outbreak. Its net losses narrowed to 8.85 billion won (US$7.4 million) in the April-June quarter from 51.45 billion won in the same period of last [...]
SEOUL, July 27 (Korea Bizwire) — Nearly two-thirds of major listed businesses in South Korea reported forecast-beating results in the second quarter of the year despite the coronavirus pandemic, a market tracker said Monday. According to an analysis of 33 major corporations by Yonhap Infomax, the financial news arm of Yonhap News Agency, 66 percent [...]
SEOUL, July 23 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, on Thursday said it suffered a loss in the second quarter of the year as the novel coronavirus pandemic slashed demand for its TV and mobile panels. The company chalked up a net loss of 503.8 billion won [...]
SEOUL, July 23 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp. — South Korea’s two biggest carmakers — on Thursday reported a sharp drop in their second-quarter earnings as the new coronavirus outbreak drove down overseas demand for their vehicles. But on their home turf, Hyundai and Kia performed well helped by new [...]
SEOUL, July 23 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, announced on Thursday that it expects solid chip demand in the second half of the year following its strong second-quarter performance on the back of robust demand for server chips amid the novel coronavirus pandemic. Its net profit more than doubled to [...]
SEOUL, July 21 (Korea Bizwire) — Samsung Biologics, a biopharmaceutical unit of South Korea’s largest conglomerate Samsung Group, said Tuesday that it shifted to the black in the second quarter from a year earlier, as costs decreased on the back of an improvement in factory utilization and increased sales. The company posted a net profit [...]
SEOUL, July 21 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Tuesday that its second-quarter earnings fell 84.6 percent from a year earlier due to slow demand amid the spreading novel coronavirus. Net profit reached 104.9 billion won (US$87.5 million) on a consolidated basis in the April-June period, compared with a profit of 681.4 [...]
SEOUL, July 20 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two biggest carmakers, may suffer a sharp decline in the second-quarter earnings as a result of the coronavirus outbreak, but have fared well compared to foreign rivals, analysts said Monday. In the three months that ended June 30, [...]
Amsterdam, NETHERLANDS, July 20 (Korea Bizwire) - Second-quarter highlights • Sales amounted to EUR 4.4 billion, with a 6% comparable sales decrease • Comparable order intake increased 27% • Income from continuing operations was EUR 213 million, compared to EUR 260 million in Q2 2019 • Adjusted EBITA margin was 9.5% of sales, compared to 11.8% [...]
London, July 16 (Korea Bizwire) - CNH Industrial (NYSE: CNHI / MI: CNHI) announced today that its financial results for the Second Quarter of 2020 will be released on Thursday, July 30, 2020. A live audio webcast of the 2020 Second Quarter results conference call will begin at 3:30 p.m. CEST / 2:30 p.m. BST / [...]