SEOUL, July 11 (Korea BIzwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, are forecast to report stronger-than-expected earnings for the second quarter amid the coronavirus pandemic, industry reports showed Saturday. The operating profit of Kakao is likely to soar by 136 [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s food makers are estimated to have recorded sharply higher operating profits in the second quarter as the new coronavirus outbreak boosted demand for ready-to-eat meals, a poll showed Friday. The combined operating profit by CJ Cheiljedang Corp., Nongshim Co., Orion Corp., Ottogi Co. and Samyang Foods Co. [...]
SEOUL, July 9 (Korea Bizwire) — South Korea’s major cosmetics makers are forecast to have seen their operating profits fall nearly 20 percent in the second quarter from a year ago as sales at duty-free shops faltered amid the coronavirus pandemic, a poll showed Thursday. The combined operating profits of Amorepacific, LG Household & Health [...]
SEOUL, July 6 (Korea Bizwire) — Doosan Infracore Co. is estimated to have suffered weak performances in the second quarter of the year due to the impact of the coronavirus pandemic, a survey showed Monday. According to the survey on five analysts by Yonhap Informax, the financial news arm of Yonhap News Agency, South Korea’s [...]
SEOUL, July 2 (Korea Bizwire) — LG Display Co., South Korea’s major display panel maker, is likely to report a wider loss in the second quarter of the year due to a slump in smartphone and TV demand on the pandemic, analysts here said Thursday, although it is expected to make a rebound in the [...]
VICTOR, N.Y., July 1 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its first quarter fiscal 2021 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Wednesday, [...]
SEOUL, June 30 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, is likely to see its second-quarter profit more than double from a year earlier, analysts here said Tuesday, thanks to strong memory chip prices amid the novel coronavirus pandemic. SK hynix was expected to log 8.29 trillion won (US$6.9 billion) in sales [...]
SEOUL, June 29 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, is likely to suffer a sharp decline in its second-quarter earnings due to the novel coronavirus pandemic, analysts here said Monday, although it is expected to rebound from the third quarter. LG was expected to log 13.19 trillion [...]
SEOUL, June 29 (Korea Bizwire) — Samsung Electronics Co.’s second-quarter earnings could be better than expected, analysts here said Monday, as its robust chip business is likely to offset losses in its smartphone and display businesses amid the novel coronavirus pandemic. Samsung was expected to log 53.39 trillion won (US$44.4 billion) in sales in the [...]
TORONTO, June 24 (Korea Bizwire) — AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2020. AGF reported total assets under management (AUM) of $36.3 billion compared to $38.3 billion in the same period in 2019. Average daily mutual fund AUM decreased to $17.4 [...]