profit outlook Archives | Be Korea-savvy

Chip Dearth Forecast to Have Limited Impact on Automakers’ Profit

SEOUL, Sept. 23 (Korea Bizwire) — A global shortage of chips used in autos is expected to have a limited impact on third-quarter earnings of South Korea’s top two carmakers Hyundai Motor Co. and Kia Corp., a market tracker said Thursday. The market consensus for Hyundai’s operating profit amounts to 1.78 trillion won (US$1.51 billion) [...]

Samsung Electronics Likely to Report 60.2 pct Plunge in Q3 Operating Profit

SEOUL, Sept. 29 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, is likely to report a 60.2 percent plunge in its third-quarter operating profit, hit by continuing falls in chip prices, an industry report showed Sunday. According to the report by Seoul-based financial market tracker FnGuide, Samsung is [...]