TORONTO, May 2 (Korea Bizwire) — Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today reported operating and financial results for its first quarter ended March 31, 2017. All amounts are in US dollars. Revenues for the first quarter were $422.8 million, a 12% increase (13% in local currency) relative to the same quarter in the prior [...]
SEOUL, Feb. 9 (Korea Bizwire) – Hyundai Merchant Marine Co., a major shipping line here, said Thursday that its loss sharply narrowed last year from a year earlier largely due to gains from asset sales. Net loss came to 4.4 billion won (US$3.84 million) last year, compared with a loss of 627 billion won a [...]
SEOUL, Feb. 3 (Korea Bizwire) – SK Innovation Co., South Korea’s top oil refiner, on Friday said its earnings nearly doubled last year from a year earlier, thanks to better-than-expected results from its petrochemical business and expanded refining margin. Net profit stood at 1.72 trillion won (US$1.49 billion) last year, compared with a profit of [...]
NEW YORK, Jan. 31 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the fourth quarter of 2016. Fourth quarter net revenues were $599 million, up $63 million or 12% from $536 million in the prior year period, driven primarily by a $54 million positive impact from acquisitions. Organic growth in non-trading segments [...]
NEW YORK, Jan. 31 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the fourth quarter of 2016. Fourth quarter net revenues were $599 million, up $63 million or 12% from $536 million in the prior year period, driven primarily by a $54 million positive impact from acquisitions. Organic growth in non-trading segments [...]
SEOUL, Jan. 26 (Korea Bizwire) – South Korea’s No. 2 carmaker Kia Motors Corp. said Thursday its net profit dropped sharply from a year earlier in the fourth quarter. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down 25.7 percent from the same period a year earlier, the company said [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. suffered a huge setback in its profit in the fourth quarter of last year, the company said Wednesday. Net profit came to 1.07 trillion won (US$918.5 million) in the three months ended Dec. 31, down 30.1 percent from the same period in [...]
SEOUL, Jan. 9 (Korea Bizwire) – Samsung’s surprise surge in 2016 Q4 profit may further close the gap with its U.S. competitor Apple. According to industry watchers, Samsung reported sales revenue of 53 trillion won ($44 billion) with an operating profit of 9.2 trillion won, for an impressive operating margin of 17.36 percent. The value [...]
SEOUL, Oct. 27 (Korea Bizwire) – Samsung Electronics Co. said Thursday its third-quarter operating profit slipped 29.6 percent from a year earlier, mainly hit by the discontinuation of the Galaxy Note 7 smartphone over safety concerns. The world’s largest maker of smartphones said its operating profit for the July-September quarter stood at 5.2 trillion won [...]
SEOUL, Sept. 22 (Korea Bizwire) – South Korean companies suffered a setback in sales, but their profitability improved in the second quarter compared to a year earlier, central bank data showed Thursday. Combined sales in local firms with assets worth over 12 billion won (US$10 million) fell 1.9 percent in the April-June period from a [...]