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Brokerages Downgrade Q4 Earnings Outlook for Major Listed Firms

Brokerages Downgrade Q4 Earnings Outlook for Major Listed Firms

SEOUL, Jan. 11 (Korea Bizwire) — South Korean brokerage houses have slightly revised down their fourth-quarter earnings outlook for major listed companies amid the coronavirus pandemic, a market tracker said Monday. The combined operating income forecast for 164 major listed firms came to 32.7 trillion won (US$29.9 billion) for the October-December period as of Friday, [...]

Major Firms Reap Better-than-expected Q3 Earnings amid Pandemic

Major Firms Reap Better-than-expected Q3 Earnings amid Pandemic

SEOUL, Nov. 8 (Korea Bizwire) — Major listed firms in South Korea reported better-than-expected earnings in the third quarter, raising hopes for a quick recovery from the pandemic-hit economy, data showed Sunday. The combined operating income of 251 listed firms that disclosed earnings as of Friday totaled 32.6 trillion won (US$29.1 billion) for the July-September [...]