SEOUL, Jan. 30 (Korea Bizwire) — LG Electronics Inc. said Thursday its fourth-quarter deficit widened due to losses in its equity ties with a display-making affiliate, while its mobile business remained in the red. The tech giant said it logged a net loss of 849.8 billion won (US$717 million) in the October-December period, compared with [...]
SEOUL, Jan. 30 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday that its net profit plunged 36.8 percent in 2019 from a year earlier because of heavy outlays in new business sectors. Net profit reached 396.8 billion won (US$337.1 million), compared with 636.4 billion won tallied in the previous year, the company [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. said Thursday it is expecting a gradual recovery in memory chip demand and shipments of smartphones this year after delivering a 38 percent drop in its fourth-quarter earnings, aided by improving demand from data centers and smartphone makers, and releases of the latest premium gadgets. Samsung, [...]
Amsterdam, the Netherlands, Jan. 28 (Korea Bizwire) - Fourth-quarter highlights Sales amounted to EUR 6 billion, with 3% comparable sales growth Comparable order intake increased 3% Income from continuing operations was EUR 550 million, compared to EUR 723 million in Q4 2018 Adjusted EBITA margin improved by 50 basis points to 17.9% of sales, compared to [...]
London, Jan. 21 (Korea Bizwire) - CNH Industrial (NYSE: CNHI / MI: CNHI) announced today that its financial results for the Fourth Quarter and Full Year of 2019 will be released on Friday, February 7, 2020. A live audio webcast of the 2019 Fourth Quarter and Full Year results conference call will begin at 3:30 p.m. [...]
MONTREAL, Jan. 16 (Korea Bizwire) — Bombardier (TSX: BBD.B) today announced its preliminary results for the fourth quarter and full year 2019. The Company now expects lower than previously guided financial performance, mainly as a result of actions taken to resolve challenging rail projects, the timing of milestone payments and new orders at Transportation, and [...]
VICTOR, N.Y., Jan. 8 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its third quarter fiscal 2020 results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer David Klein on Wednesday, [...]
SEOUL, Jan. 6 (Korea Bizwire) — Nine out of 10 major listed firms in South Korea expect to see their profitability turn for the better in 2020 on the back of a much-awaited recovery in the global chipmaking sector and lower base effect, a market tracker said Monday. According to FnGuide, 264 listed companies, or [...]
SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s largest producer of memory chips and smartphones, is expected to see its earnings improve this year after bottoming out in the fourth quarter of last year, on the back of a recovery in the global chipmaking sector and a low base effect, analysts said [...]
VICTOR, N.Y., Dec. 4 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today it will report financial results for its fiscal third quarter ended November 30, 2019, on Wednesday, January 8, 2020, before the open of the U.S. markets. A conference call to discuss the financial results and outlook [...]