SEOUL, Feb. 17 (Korea Bizwire) — The slump in fortunes at large discount stores is continuing and the growth of convenience stores is accelerating in line with social changes, including an increase in the number of single-person households and the rising popularity of online shopping. Amid such circumstances, convenience store chains made more money than [...]
SEOUL, Feb. 16 (Korea Bizwire) — Major non-life insurance firms in South Korea saw their combined net profit fall 39.5 percent last year due to increased losses from their automobile and health insurance segments, industry data showed Sunday. The top eight non-life insurance firms operating in the country reported a combined net profit of 1.75 [...]
CHAMPFROMIER, FRANCE, Feb. 13 (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 €1,101.2m for 2019, up +3.7% compared to 2018 and up 4.4% like-for-like. Consolidated turnover (from 1 January to 31 December 2019) In € millions – unaudited 2019 2018 [...]
MONTRÉAL, Feb. 13 (Korea Bizwire) — Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2019 results, in line with previously announced preliminary results. The company also confirmed it is still actively pursuing options to accelerate deleveraging, strengthen its balance sheet and enhance shareholder value. Sale of A220 Partnership Interest Bombardier has entered [...]
SEOUL, Feb. 13 (Korea Bizwire) — Starbucks Korea saw its net profit advance 18.5 percent in 2019 from a year earlier to a record high as the company continued to expand its number of stores here, data showed Thursday. Net profit came to 132.8 billion won (US$112.3 million), compared with 112 billion won posted a [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korean airlines’ first-quarter earnings may be dismal as they suspended or reduced flights on international routes amid the spreading COVID-19 virus outbreak, analysts said Thursday. In their latest move to respond to the virus, Asiana Airlines Inc., the country’s second-biggest airline after Korean Air Lines Co., said it [...]
WESTCHESTER, Ill., Feb. 11 (Korea Bizwire) – Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, today reported results for the fourth quarter and full-year 2019. The results, reported in accordance with U.S. generally accepted accounting principles (“GAAP”) for 2019 and 2018, include items that are excluded from the non-GAAP financial measures [...]
London, UNITED KINGDOM, Feb. 7 (Korea Bizwire) – The following is an extract from the “CNH Industrial 2019 fourth quarter and full year 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 2019 Consolidated revenues of [...]
SEOUL, Feb. 7 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its net profit fell 8.9 percent last year from a year earlier as it ramped up spending on its 5G network and marketing. In a regulatory filing, LG Uplus reported a net income of 438.8 billion won (US$369.2 [...]
SEOUL, Feb. 7 (Korea Bizwire) – SK Telecom Co., South Korea’s top mobile phone operator, said Friday its net income plunged 72.5 percent last year from a year earlier due to reduced equity gains from its chip-making affiliate. In a regulatory filing, SK Telecom reported a net income of 861.9 billion won (US$725.9 million) last year, [...]