SEOUL, Apr. 25 (Korea Bizwire) — SK hynix Inc. said Thursday its first-quarter net dipped 64.7 percent from a year earlier, due to a slump in the global chipmaking business. The net profit for the world’s No. 2 memory chip producer came to 1.1 trillion won (US$952 million) in the January-March period, compared with a [...]
SEOUL, Apr. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it posted a 30 percent on-year jump in its first-quarter net profit helped by strong demand for new SUVs and a weaker won. Net profit for the January-March period rose to 954 billion won (US$830 million) from 732 billion won a year earlier, Hyundai [...]
SEOUL, Apr. 24 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Wednesday that its first-quarter earnings dropped 28 percent from a year earlier due to a slump in the steelmaking sector and a drop in steel prices. Net profit reached 778 billion won (US$679 million) in the January-March period on a consolidated basis, compared [...]
SEOUL, Apr. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its operating earnings likely plunged in the first quarter from a year earlier amid falling memory chip prices and weak demand for display panels. The operating profit was estimated at 6.2 trillion won (US$5.45 billion) in the January-March period, a 60.4 percent drop from [...]
SEOUL, Mar. 26 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that it expects its first-quarter earnings to miss market expectations due to a sharp decline in memory chip and panel prices. The South Korean tech giant said it expected a sharper-than-expected price fall in memory chips in the off-peak season and worsening profitability in [...]
SEOUL, Mar. 19 (Korea Bizwire) – South Korean brokerage houses have sharply downgraded their first-quarter earnings forecasts for Samsung Electronics Co. and SK hynix Inc., citing tumbling memory chip prices, a corporate tracker said Tuesday. The market consensus of Samsung’s operating profit for the January-March period stands at 8.33 trillion won (US$7.36 billion), down about 47 percent [...]
SEOUL, Feb. 5 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, is forecast to have racked up record earnings last year, aided by increased sales of excavators in China and emerging markets, industry sources said Tuesday. According to industry data compiled by market researcher FnGuide, the company is forecast to have [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Thursday its fourth-quarter net earnings declined 30.7 percent compared with a year ago due to weakening demand for its memory chips and smartphones. In a regulatory filing, the world’s leading memory chip and smartphone manufacturer said its net earnings came in at 8.5 trillion won [...]
SEOUL, Jan. 30 (Korea Bizwire) — POSCO, South Korea’s biggest steelmaker, said Wednesday that its net profit dropped 36 percent last year from a year earlier on a one-off valuation loss, reduced gains from asset sales and higher taxation. Net profit reached 1.89 trillion won (US$1.69 billion) on a consolidated basis, compared with a net [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s mid-sized cosmetics companies suffered losses in the third quarter of this year as they strived to reform their business structures in the face of tough competition at home, industry sources said Sunday. Able C&C, which operates budget cosmetics brand Missha, swung to the red in the July-September [...]