SEOUL, Jul. 23 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, on Tuesday said its second-quarter earnings jumped 52 percent on a weaker local currency. Net profit for the April-June period soared to 505 billion won (US$430 million) from 332 billion won a year earlier, Kia said in a statement. “The [...]
SEOUL, Jul. 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, on Monday delivered better than expected earnings for the second-quarter by posting a 23 percent rise in net profit on the back of a weak won and robust sales of new models. Net profit for the three months that ended [...]
Amsterdam, NETHERLANDS, Jul. 22 (Korea Bizwire) – Second-quarter highlights • Sales in the quarter amounted to EUR 4.7 billion, with 6% comparable sales growth • Comparable order intake increased 8% • Income from continuing operations increased to EUR 260 million, compared to EUR 186 million in Q2 2018 • Adjusted EBITA margin was 11.8% of sales, [...]
SEOUL, Jul. 5 (Korea Bizwire) — LG Electronics Inc. said Friday its second-quarter operating profits are expected to have dropped 15.4 percent from a year earlier, mainly due to its sluggish smartphone business. In an earnings guidance, the South Korean electronics maker said it expects to post 652.2 billion won (US$557 million) in operating profits [...]
SEOUL, Jul. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings more than halved in the second quarter from a year earlier amid the weak memory chip and handset market. The operating profit was estimated at 6.5 trillion won (US$5.6 billion) in the April-June period, a 56.3 percent drop from a year [...]
London, UNITED KINGDOM, May 7 (Korea Bizwire) – The following is an extract from the “CNH Industrial 2019 first quarter results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: cnhindustrial.com/en-us/media/press_releases/ or consulting the accompanying PDF: CNH Industrial reported record 2019 first quarter net [...]
SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Tuesday its first-quarter net profit dropped 20.8 percent from a year earlier as its money-losing smartphone business clouded robust revenue from its home appliance division. The South Korean electronics maker said it posted 578 billion won (US$495 million) in net profit in the January-March period, [...]
SEOUL, Apr. 30 (Korea Bizwire) — Samsung Electronics Co. on Tuesday cautiously expected an uptick in chip demand for high-value products and mobile devices in the second half of the year, after delivering a 60 percent drop in its first-quarter earnings on weak memory chip prices. The South Korean tech giant posted a net profit [...]
SEOUL, Apr. 26 (Korea Bizwire) — Coupang Inc., a South Korean shopping portal, has transitioned into a tripartite leadership structure after recruiting a restructuring specialist as head of the human resources department, leading many to anticipate major restructuring of the company recently stricken with massive losses. Coupang was previously led by a single representative structure [...]
MONTRÉAL, Apr. 25 (Korea Bizwire) — Bombardier (TSX: BBD.B) announced today preliminary financial results for the first quarter of 2019 and provided updates to its full year revenue and earnings outlook. First quarter 2019 adjusted EBITDA and adjusted EBIT are expected to be approximately $265 million and $170 million, respectively, on revenues of approximately $3.5 [...]