Search result for Q1
First Q1 current account deficit in 11 years in South Korea
The Bank of Korea released data on Wednesday showing that the first three months of 2023 saw a deficit in South Korea's current account balance for the first time in 11 years due to weak exports. A record-high loss of $4.21 billion in January followed by $520 million in February contributed t...
1 GW SOLAR POWER PLANT DEPLOYED BY SOUTH KOREA IN Q1
Highlights:
- South Korea deployed 1,017 MW of new PV systems in the first three months of 2021.
- To achieve carbon neutrality by 2050, the target of reaching 20% renewables from total generation by 2030 should be raised to 40%.
- South Ko...
LG UPLUS’ NET PROFIT ROSE 35 PERCENT IN Q1 2021
Highlights –
- LG Uplus’ net profit rose 35 percent in Q1 2021.
- The mobile carrier company’s operating profit increased 25.4 percent to 275.6 billion won.
- Sales from its wireless service business grew 5.4 percent on-year.
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.
LG CHEM’S NET PROFIT INCREASED TO $1.2 BILLION IN Q1
Highlights –
- LG Chem’s net profit increased to $1.2 billion in Q1.
- In Q1 the company’s operating profit jumped 584 percent on-year to 1.4 trillion won.
- LG Energy Solution Ltd. reported 4.2 trillion won in sales and 341.2 b...
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, KIA ESTIMATES COMBINED Q1 NET PROFIT TO RISE
Highlights –
- Hyundai, KIA estimates combined Q1 net profit to rise.
- The two carmakers estimate solid earnings over robust sales of SUV and high-end models.
- Hyundai expects a net profit of US$1.18 billion in the first quarter. <...
COVID-19 IMPACT: INDIA’S GDP SHRINKS 23.9 PERCENT IN Q1
Highlights
• As per the National Statistical Office (NSO), the GDP contraction in the April-June period of FY21 was the largest fall on record since India started reporting quarterly data in 1996
• This is the sharpest decline since 1996 and is worse than any of the ...
MAHINDRA & MAHINDRA Q1 RESULT: CONSOLIDATED NET PROFIT FALLS 97% YoY TO RS 68 CR
India’s leading automobile brand led by business tycoon Anand Mahindra, Mahindra & Mahindra has reported consolidated net profit of The 67.79 crore for the June quarter of FY2021 (Q1FY21). Mahindra & Mahindra reported 97 percent year-on-year (YoY) fall as compared to same quarter la...
RIL POSTS PROFIT OF RS 13,233 CRORE IN Q1: WITNESSES JUMP OF 31% YoY
Highlights
• In the Q1 of FY20, Reliance Industries Limited managed to bring down the total expenditure by 42 percent YoY
• According to the statement given by RIL Chairman, MD Mukesh Ambani, the COVID-19 lockdown has impacted company’s hydrocarbon business
...
HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%
Highlights
• HDFC Bank’s net interest income went up by 17.8% y-o-y to Rs 15,665.4 crore
• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21
• As per the results, bank’s net interest margin remained unchanged ...
Q1 RESULTS HELP INFOSYS EARN RS 50,000 CRORE FOR SHAREHOLDERS IN JUST 1 HOUR
Highlights
• Shares of Infosys went up by 15% to a new high of Rs 952 on the BSE
• Infosys was successful in securing deals worth $1.74 billion in the period of COVID-19 pandemic
• The revenues of the company went up to Rs 23,665 crore with a growth of...
CHINA’S WEARABLE MARKET TOPPED BY HUAWEI IN Q1
Highlights:
- Chinese wearable market experienced a slump of 11 percent in shipment during the Q1.
- In the first quarter of 2020, brands shipped 17.61 million units including the fitness bands and smartwatches.
- Huawei shipped 4.28 million unit...
KAKAO BANK Q1 NET ALMOST TRIPLES
Highlights:
- Kakao Bank, South Korea’s top internet-only lender, first-quarter net profit nearly triples due to increased interest income.
- Net profit reported being 18.5 billion won which is equivalent to USD 15.2 million.
- The first-qu...
CHINESE ECONOMY TAKES A HIT WITH 6.8% CONTRACTION IN ITS Q1 REPORT
Highlights:
- The Chinese economy took a beating at 6.8% contraction for its first quarter
- GDP might slow down to 2.5%
One of the largest economies of the world, China have taken an economic beating in the wake of the covid-19 pandemic too. As Ch...
Top Glove Q1 returns on higher sales boost
The first-quarter earnings of Top Glove Corp Bhd ended November 2019 grew from RM110.06 million a year earlier by 1.24 percent to RM111.43 million, due to improved glove sales. It moved earnings per share marginally higher than the previous 4.36 sen out of 4.31 sen.
Top Glove said sales...