operating profit Archives | Be Korea-savvy
Top Biz Group Operating Profits Down if Samsung Elec, SK hynix are Excluded

Top Biz Group Operating Profits Down if Samsung Elec, SK hynix are Excluded

SEOUL, Dec. 9 (Korea Bizwire) — The operating profits of South Korea’s listed companies belonging to the largest conglomerates contracted in the January-September period of this year if the numbers for Samsung Electronics Co. and SK hynix are excluded, a local business tracker said Sunday. The total for the 94 companies, not counting the two [...]

Samsung Electronics’ Q1 Operating Profit Estimated at $8.76 Billion

Samsung Electronics’ Q1 Operating Profit Estimated at $8.76 Billion

SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business.  Operating profit is estimated at 9.9 trillion won (US$8.76 billion) in the January-March period, compared with 6.68 trillion won posted a year [...]

Samsung Electronics Q1 Operating Profit Likely to Jump 30 Pct

Samsung Electronics Q1 Operating Profit Likely to Jump 30 Pct

SEOUL, March 8 (Korea Bizwire) – Samsung Electronics Co. is expected to report a 30-percent jump in its first-quarter operating profit as strong sales of semiconductors continue to drive earnings, market data showed Wednesday.  According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 [...]

Samsung Electronics Reports 50 Pct Jump in Q4 Operating Profit

Samsung Electronics Reports 50 Pct Jump in Q4 Operating Profit

SEOUL, Jan. 24 (Korea Bizwire) – Samsung Electronics Co. said Tuesday its operating profit for the fourth quarter of 2016 jumped 50.11 percent on year, thanks to rising prices of semiconductors and display panels.  Operating profit, which excludes income from subsidiaries, stood at 9.2 trillion won (US$7.89 billion) for the October-December period last year, compared [...]

Samsung Electronics Estimates Q4 Operating Profit to Jump Nearly 50 Pct

Samsung Electronics Estimates Q4 Operating Profit to Jump Nearly 50 Pct

SEOUL, Jan. 6 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its fourth-quarter operating profit last year may have jumped about 50 percent on-year, beating market expectations as strong sales of chips and displays appeared to help offset losses from a global recall of the Galaxy Note 7 smartphones.  Operating profit is estimated at [...]

LG Electronics Reports 3.7 Pct Decline in Q3 Profit on Smartphone Losses

LG Electronics Reports 3.7 Pct Decline in Q3 Profit on Smartphone Losses

SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics Inc. said Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, hit by sluggish sales in its money-losing smartphone business.  LG said in a regulatory filing that the operating profit for the July-September quarter stood at 283.2 billion won (US$250.9 million), compared with a [...]

Samsung Electronics Estimates Q3 Operating Profit to Rise 5.55 Pct

Samsung Electronics Estimates Q3 Operating Profit to Rise 5.55 Pct

SEOUL, Oct. 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its third-quarter operating profit may rise 5.55 percent on year, despite a global recall of the Galaxy Note 7 smartphones.  Operating profit is estimated at 7.8 trillion won (US$6.98 billion) in the July-September period, compared with 7.39 trillion won for the same quarter [...]

LG Electronics Posts Big Jump in Q2 Profit on Strong Sales of Home Appliances

LG Electronics Posts Big Jump in Q2 Profit on Strong Sales of Home Appliances

SEOUL, July 28 (Korea Bizwire) – LG Electronics Inc. posted its biggest quarterly operating profit in two years for the second quarter of this year, backed by strong sales of its home appliances and televisions.  LG Electronics reported an operating profit of 584.6 billion won (US$519.6 million) in the April-June period, up 139.5 percent from [...]