SEOUL, March 23 (Korea Bizwire) — South Korean brokerage firms saw their combined net profits plunge in 2022 due to a fall in transaction fees and shrinkage in profits from stock and bond markets, data showed Thursday. The combined net profit of 58 brokerages stood at 4.51 trillion won (US$3.47 billion) last year, compared with [...]
Mont-Saint-Guibert, Belgium, March 22 (Korea Bizwire) – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today reported financial and operating results for the fourth quarter and full year 2022. Recent Financial and Operating Highlights Completed all 115 implants in the [...]
SEOUL, March 20 (Korea Bizwire) — South Korean card firms saw their net profit drop 4 percent last year compared with a year earlier, due mainly to steep interest hikes and concerns about an economic slowdown, regulator’s data showed Monday. The combined net profit of the big eight card issuers here, including KB Kookmin, Lotte, [...]
SEOUL, March 16 (Korea Bizwire) — South Korean banks saw their 2022 earnings rise nearly 10 percent from a year earlier on sharply increased interest income, data showed Thursday. Their combined net profit came to 18.5 trillion won (US$14.1 billion) last year, up 9.6 percent from the previous year, according to the preliminary data from [...]
SEOUL, March 2 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, reported Thursday that its net income in 2022 nearly quadrupled to a record high thanks to a spike in interest income. K-Bank’s net income came to 83.6 billion won (US$64 million) last year, up from a net profit of 22.5 billion won reported [...]
SEOUL, March 1 (Korea Bizwire) — Coupang Inc. said Wednesday it posted a profit for the second consecutive quarter in the final three months of last year on operational improvements. The South Korean e-commerce giant’s net income came to US$102.1 million in the October-December period last year, compared with a net loss of $405 million [...]
Highlights of Q4 2022 Delivery of 2022 targets. Full year 2022 Net revenue of EUR 453 million (guidance of at least EUR 450 million), with Adjusted EBITDA of EUR 52 million (guidance of at least EUR 50 million), reflecting almost 10% organic growth in 2022. Record performance in the Platform segment, driving Q4 2022 Net [...]
SEOUL, Feb. 24 (Korea Bizwire) — The state-run utility Korea Electric Power Corp. (KEPCO) said Friday its operating loss more than quintupled on-year to hit a record high last year due to higher fuel costs and limited electricity rate hikes. Its operating loss came to 32.63 trillion won (US$25.02 billion) in 2022, compared with 5.85 [...]
SEOUL, Feb. 21 (Korea Bizwire) — Hybe, the K-pop company behind global superstar BTS, achieved its biggest sales ever last year, boosted by the expansion of the global fandom for its artists and successful debuts of rookie groups. The company said in a regulatory filing that it posted 1.77 trillion won (US$1.37 billion) in sales [...]
The following is an extract from the “Iveco Group 2022 Full Year and Fourth Quarter Results” press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF: Iveco Group consolidated revenues of €14 billion (up 13% year on year). Adjusted EBIT of [...]