SEOUL, June 16 (Korea Bizwire) — South Korean businesses’ sales and profitability worsened in the first quarter from three months earlier, central bank data showed Tuesday, amid slowing demand at home and abroad caused by the spread of the new coronavirus. In the January-March period, sales of local businesses dropped at an average 1.5 percent [...]
SEOUL, May 19 (Korea Bizwire) — South Korean listed companies’ profits almost halved in the first quarter of the year, data showed Tuesday, an apparent fallout from the new coronavirus outbreak. The combined net profit of 592 nonfinancial companies listed on the main bourse came to 11.03 trillion won (US$8.99 billion) in the January-March period, [...]
SEOUL, May 15 (Korea Bizwire) — South Korean airlines, led by Korean Air Lines Co., reported their worst-ever first-quarter earnings on Friday in the face of the new coronavirus outbreak that has led to a sharp fall in demand and lockdowns around the globe, and their second-quarter performance is also dim. Korean Air said its [...]
CHAMPFROMIER, FRANCE, May 14 (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 €273.5m in the first quarter of 2020, down by -6.6 % compared to the first quarter of 2019. Consolidated turnover for the 1st quarter of 2020 (from 1 [...]
GAITHERSBURG, Md., May 11 (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 first quarter ended March 31, 2020. “Our accomplishments to-date in 2020, including significant progress in our influenza and COVID‑19 vaccine programs, are the [...]
SEOUL, May 7 (Korea Bizwire) — SK Telecom Co., South Korea’s top mobile carrier, said Thursday its net income dropped 17.9 percent from a year earlier due to reduced equity gains and investments related to its 5G service. In a regulatory filing, SK Telecom reported a net income of 306.8 billion won (US$250 million) in [...]
SEOUL, May 7 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its first-quarter net profit jumped nearly four times from a year earlier on the back of robust growth of its e-commerce services based on its messenger platform. Net profit reached 79.9 billion won (US$65.4 million) in [...]
SEOUL, May 7 (Korea Bizwire) — South Korean travel agencies plunged into the red in the first quarter of the year due to the coronavirus pandemic, with no end to their malaise in sight, industry sources said Thursday. Those tour operators have borne the brunt of the global spread of COVID-19, which has resulted in [...]
MONTREAL, May 6 (Korea Bizwire) — Bombardier (TSX: BBD.B) will publish its financial results for the first quarter ended March 31, 2020 on Thursday, May 7, 2020. On May 7 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, [...]
London, May 6 (Korea Bizwire) – The following is an extract from the “CNH Industrial 2020 first quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: https://www.cnhindustrial.com/en-us/media/press_releases/Pages/default.aspx or consulting the accompanying PDF: CNH Industrial reports 2020 first quarter Consolidated revenues of $5.5 billion, Net [...]