SK INNOVATION SEES NET LOSS OF $325.3 MILLION IN Q1 2021

Highlights –

• SK Innovation sees net loss of $325.3 million in Q1 2021.
• The company’s operating profit was recorded 502.6 billion won.
• The company’s sales fell 16.4 percent on-year to 9.2 trillion won.
• On the Seo...

PANASONIC CORP. EXPECTS NET PROFIT TO INCREASE BY $1.9 BILLION

Highlights –

• Panasonic Corp. expects net profit to increase by $1.9 billion.
• In fiscal 2021, the company sales are forecasted to increase 4.5 percent to 7 trillion yen.
• The automotive segment is expected to turn an operating profit of...

S. KOREAN LOTTE SHOPPING CO. SEES NET LOSS OF $36.5 MILLION IN Q1

Highlights –

• S. Korean Lotte Shopping Co. sees net loss of $36.5 million in Q1.
• The company’s Q1 net losses narrowed from a year earlier on recovering sales.
• The company’s operating income rose 18.5 percent to 61.8 billion...

HYBE CO. SAW AN INCREASE IN NET PROFIT IN Q1 BY 11.3% ON YEAR

Highlights –

• Hybe Co. saw an increase in net profit in Q1 by 11.3% on year.
• Hybe Co. saw an increase due to strong sales of merchandise.
• The company’s operating profit in Q1 rose 9 percent on-year to 21.7 billion won.

POSCO SAW A RECORD INCREASE IN NET PROFIT BY 162% IN Q1

Highlights –

• POSCO saw a record increase in net profit by 162% in Q1.
• Net profit for the three months that ended in March soared to US$1.02 billion.
• The company’s operating profit in Q1 rose 1.55 trillion won.
• POSCO r...

HYUNDAI MOTOR’S NET PROFIT FOR Q1 ROSE TO $1.36 BILLION

Highlights –

• Hyundai Motor’s net profit for Q1 rose to $1.36 billion.
• The result is said to have exceeded the median forecast of 1.32 trillion won.
• Hyundai plans to focus on promoting the IONIQ 5 all-electric model.
• I...

SAMSUNG ELECTRONICS FORECASTS OPERATING PROFIT OF $8.3 BILLION IN Q1

Highlights –

• Samsung Electronics forecasts operating profit of $8.3 billion in Q1.
• Samsung projected its sales at 65 trillion won in the January-March period.
• Samsung projects its chip business to log an operating income below 4 trill...

KEPCO REPORTS A SHIFT IN NET INCOME IN 2020 TO $1.9 BILLION

Highlights –

• KEPCO reports a shift in net income in 2020 to $1.9 billion.
• The company’s operating profit was 4.08 trillion won.
• The company also reported an improvement in performance to the falling global price of resources.

KT CORP. SHOWS AN INCREASE IN NET PROFIT IN Q4 BY $35 MILLION

Highlights –

• KT Corp. shows an increase in net profit in Q4 by $35 million.
• The expansion in net profit was mostly due to growing 5G users.
• The company’s operating income rose 6.4 percent on-year.
• In 2021, the company...

LG UPLUS CORP. REPORTS NET LOSS IN Q4 2020

Highlights –

• LG Uplus Corp., reports net loss in Q4 2020.
• The company’s net loss stood at $201.7 million in October-December period.
• Its operating income reached 175.5 billion won, down to 3.7 percent.
• The company had...

SKY HYNIX INC. REPORTS Q4 OPERATING PROFIT TO INCREASE BY 956.9 BILLION WON

Highlights –

• SK hynix Inc. reports Q4 operating profit to increase by 956.9 billion won.
• The chipmaking company expects strong demand for memory chips this year.
• SK hynix announced a per-share dividend of 1,170 won.
• The com...

LG CHEM REPORTS ITS NET PROFIT FROM Q4 2020 TO BE $54.9 MILLION

Highlights –

• LG Chem reports its net profit from Q4 2020 to be $54.9 million.
• The net profit was supposedly due to robust sales of petrochemical and EV battery products.
• For the whole of 2020, the net profit jumped 188.9 percent.
...

HYUNDAI REPORTS 2020 Q4 NET PROFIT TO RISE BY 78% AMID THE PANDEMIC

Highlights –

• Hyundai reports 2020 Q4 net profit to rise 78% amid the pandemic.
• Net profit jumped to 1.37 trillion won from 772 billion won.
• The car company’s operating profit rose 41 percent to 1.64 trillion won in Q4.

FAST RETAILING CO. OPERATING PROFIT IN SEPT.-NOV. 2020 ROSE BY 23.3 PERCENT

Highlights –

• Fast Retailing Co. operating profit in Sept.-Nov. 2020 rose by 23.3 percent.
• The company reported an operating profit of 113.09 billion yen ($1.09 billion).
• The company reported robust sales in Japan and China sold online...

LG ELECTRONICS ESTIMATES INCREASE IN FOURTH-QUARTER EARNINGS in 2020

Highlights –

• LG Electronics estimates an increase in fourth-quarter earnings in 2020.
• The company estimated an operating profit of 647 billion won.
• LG’s H&A business unit division logged around 400 billion won in the fourth ...

S. KOREA’S SAMSUNG ELECTRONICS EXPECTS AN OPERATING PROFIT OF $8.2 BILLION IN Q4 2020

Highlights –

• S. Korea’s Samsung electronics expects an operating profit of $8.2 billion in Q4 2020.
• From October-December 2020 Samsung projects sales at 61 trillion won.
• Samsung’s mobile unit is expected to post an operati...

NET PROFIT FELL BY 17.8% FOR SHARP CORP. IN THE APRIL-SEPTEMBER PERIOD

Highlights –

• Net profit fell by 17.8% for Sharp Corp. in the April-September period.
• Consolidated operating profit for the first half of fiscal 2020 dropped by 25.3 percent.
• Sales were down by 8.5 billion yen and profits were down by ...

SONY CORP. RAISES ITS CURRENT BUSINESS YEAR THROUGH MARCH EARNINGS OUTLOOK

Highlights –

• Sony Corp. raises its current business year through March earnings outlook.
• The expected rise in earnings could be prompted towards the release of PS5.
• Sony expects a net profit of 800 billion yen.
• Sony for th...

SAMSUNG ELECTRONICS FLOURISHES AMIDST US LED HUAWEI SANCTIONS

• Samsung Electronics did flourishing business third quarter of the year registering largest operating profit in last 2 years.
• The South Korean tech giant said in its primary earnings report that it would register 66 trillion won ($57.01 billion) in revenue and 12.3 trillion won ...

McDONALD’S JAPAN REPORTS A RISE IN SALES BETWEEN JANUARY-JUNE

Highlights –

• McDonald’s Japan reports a rise in sales between January-June.
• Demand in takeaway and delivery services during the pandemic increased.
• Sales rose by 2 percent to $1.3 billion.
• However, net profit was down by 4.9 percent d...