SEOUL, May 6 (Korea Bizwire) — South Korea’s top internet-only lender Kakao Bank said Wednesday its first-quarter net profit nearly tripled due mainly to increased interest income. Net profit came to 18.5 billion won (US$15.2 million) in the January-March period, up about 181 percent from a year earlier, the lender said in a regulatory filing. [...]
WILMINGTON, Delaware, May 5 (Korea Bizwire) — Ashland Global Holdings Inc. (NYSE: ASH) today announced preliminary1 financial results for the second quarter of fiscal 2020 ended March 31, 2020. The global specialty materials company serves customers in a wide range of consumer and industrial markets. As expected, the Ashland portfolio performed well during the quarter, despite [...]
TORONTO, May 5 (Korea Bizwire) — Alphawave IP, a leading provider of multi-standard connectivity IP solutions for electronic devices, today announced record results for 2019 and for the first quarter of 2020. The company also announced dramatic hiring plans for 2020 so it can continue to expand to service the needs of its most advanced [...]
WESTCHESTER, Ill., May 5 (Korea Bizwire) – Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, today reported results for the first 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 [...]
SEOUL, May 3 (Korea Bizwire) — South Korean major oil refiners suffered one of their worst quarters in the January-March period, data showed Sunday, as global oil output has far outpaced demand amid the new coronavirus pandemic. S-Oil Corp., the no. 3 oil refiner in South Korea, swung to a record loss of 1 trillion [...]
BALTIMORE, May 1 (Korea Bizwire) — WillScot Corporation (“WillScot” or the “Company”) (Nasdaq: WSC) today announced its first quarter 2020 financial results, provided an update on operating activities and the current market environment, and updated its 2020 outlook. First Quarter 2020 Financial Highlights1,4 Revenues of $255.8 million, representing an 0.8% (or $2.1 million) year over [...]
SEOUL, April 29 (Korea Bizwire) — LG Electronics Inc. on Wednesday delivered strong first-quarter earnings results on the back of its home appliance and TV businesses, but the company expected its bottom line in the current quarter to worsen as the novel coronavirus pandemic will significantly weigh down demand for its products. South Korea’s No. [...]
Stockholm, SWEDEN, April 29 (Korea Bizwire) Interim report January – March 2020 January – March 2020 Net sales increased by 47 percent to SEK 1,624.2 million (1,108.8). Organic growth in local currency was 32 percent. Gross profit increased by 54 percent to SEK 446.7 million (289.5). Organic growth in local currency was 36 percent. Adjusted [...]
SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. on Wednesday delivered a solid first-quarter earnings performance on the back of its chip business despite the coronavirus outbreak, but the company expected its bottom line to go down in the current quarter as the pandemic will significantly affect demand for some of its key products. [...]
SEOUL, April 27 (Korea Bizwire) — Four in 10 major listed firms in South Korea pulled off earnings surprises in the first quarter of this year despite the coronavirus pandemic, market data said Monday. Fourteen out of the 35 companies listed on the country’s main and secondary stock markets posted first-quarter operating income that were [...]