Paris, FRANCE, April 24 (Korea Bizwire) - Rapid and decisive response to COVID-19 global health crisis Sanofi showed resilience and maintained full business continuity worldwide including its global industrial network. Separate collaborations announced with BARDA, Translate Bio and GSK to develop novel COVID-19 vaccines. Global clinical program underway to evaluate Kevzara® in patients hospitalized with severe [...]
SEOUL, April 24 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Friday that its first-quarter earnings fell 44.2 percent from a year earlier due to slow demand amid the spreading novel coronavirus. Net profit reached 434.7 billion won (US$351.5 million) in the January-March period, compared with a profit of 778.4 billion won a year [...]
SEOUL, April 24 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday its first-quarter net profit plunged 59 percent from a year earlier as the coronavirus outbreak affected its production and sales. Net profit for the January-March period fell to 265.97 billion won (US$215 million) from 649.1 billion won a [...]
SEOUL, April 23 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Thursday its first-quarter net profit plunged 42 percent from a year earlier as the coronavirus outbreak disrupted production and sales, and offered a dim outlook for the second quarter amid virus fallout. Net profit for the January-March period fell to 552.68 billion won [...]
SEOUL, April 23 (Korea Bizwire) — LG Display Co., a major South Korean display panel maker, said Thursday it incurred losses in the first quarter due to disruption of its production amid the new coronavirus pandemic. LG Display reported a net loss of 198.9 billion won (US$161.7 million) during the January-March period, widening from a [...]
SEOUL, April 23 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday its net profit jumped 54 percent in the first quarter from a year earlier largely on the back of increased online shopping transactions on its platform amid the new coronavirus pandemic. Net profit reached 134.9 billion won (US$109.5 million) [...]
SEOUL, April 23 (Korea Bizwire) — SK hynix Inc. on Thursday delivered an earnings surprise for the first quarter of the year, apparently aided by increased demand for IT products needed for social distancing amid the coronavirus outbreak. The net profit of South Korea’s No. 2 memory chip producer came to 649.1 billion won (US$526 [...]
Amsterdam, NETHERLANDS, April 20 (Korea Bizwire) - First-quarter highlights • Sales amounted to EUR 4.2 billion, with a 2% comparable sales decrease • Comparable order intake increased 23% • Income from continuing operations was EUR 42 million, compared to EUR 171 million in Q1 2019 • Adjusted EBITA margin was 5.9% of sales, compared to [...]
SEOUL, April 14 (Korea Bizwire) — Coupang Inc., South Korea’s top e-commerce company, said Tuesday its operating loss narrowed sharply in 2019 amid a jump in sales. Its consolidated operating loss stood at 720.5 billion won (US$592 million) last year, down 36 percent from the previous year’s 1.73 trillion won, the company said in a [...]
SEOUL, April 12 (Korea Bizwire) — South Korean refiners are expected to report a 2.5 trillion-won (US$2.06 billion) combined operating loss during the first quarter due to lower demand and refining margins, industry sources said Sunday. The country’s four major refiners — SK Innovation Co., GS Caltex Corp., Hyundai Oilbank Co. and S-Oil Corp. — [...]