SEOUL, April 12 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to suffer a sharp decline in their first-quarter earnings due to a growing coronavirus impact on production and sales, data showed Sunday. Hyundai Motor is expected to post an operating profit of 700 billion won (US$577 million) for [...]
CHAMPFROMIER, FRANCE, April 8 (Korea Bizwire) – CURRENT OPERATING PROFIT UP 19% TO €92.2m PREPARATION AND REACTION TO THE COVID-19 CRISIS Akwel (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, posted its 2019 annual results. Consolidated data – in € millions 2019 2018 Var. in % Turnover 1,101.2 [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Tuesday delivered an earnings surprise in the first quarter of the year, apparently aided by solid performance from its home appliance business, but analysts warned that the company could face a severe impact from the novel coronavirus during the current quarter. South Korea’s No. 2 [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. on Tuesday delivered better-than-expected first-quarter earnings as robust demand for chips apparently offset a slump in smartphone and home appliance sales amid the novel coronavirus pandemic, but analysts warned that the company may feel the pinch of the COVID-19 outbreak during the current quarter. The South [...]
VICTOR, N.Y., April 3 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2020 results and fiscal year 2021 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and [...]
SEOUL, April 1 (Korea Bizwire) — Listed units of South Korea’s top 10 business groups saw their combined operating income plunge nearly 60 percent in 2019 due to a Sino-U.S. trade war and Japan’s export controls, a market tracker said Wednesday. The total operating income of 94 non-financial listed firms belonging to the family-controlled conglomerates [...]
SHANGHAI, March 30 (Korea Bizwire) — Junshi Biosciences (HKEX: 1877), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies, announced its audited consolidated annual results of the Company and its subsidiaries for the full-year ended December 31, 2019. Financial Highlights (IFRS): Total revenue was RMB775 million, mainly due to [...]
VICTOR, N.Y., March 26 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its full fiscal year and fourth quarter ended February 29, 2020, on Friday, April 3, 2020, before the open of the U.S. markets. A conference call to discuss the financial [...]
SEOUL, March 26 (Korea Bizwire) — South Korean brokerage houses have trimmed their first-quarter earnings outlook for more than 80 percent of major listed firms on the coronavirus outbreak, a market tracker said Thursday. According to FnGuide, operating income forecasts for the January-March period have been downgraded for 84.4 percent of the 65 listed companies [...]
TORONTO, March 25 (Korea Bizwire) – AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the first quarter ended February 29, 2020. AGF reported total assets under management (AUM) of $37.4 billion compared to $38.8 billion in the same period in 2019. Average daily mutual fund AUM increased to $19.5 billion [...]