Profitability Declines for Domestic Pharma Companies in Q2, SK Bio Hit by Corona 19 Impact
Domestic pharmaceutical companies, including SK Bioscience, struggled to improve their profitability in the second quarter following a strong performance last year. Despite achieving external growth, medium and small-sized companies such as Dongwha Pharm, Ilyang Pharm, Anguk Pharm, and Bukwang Pharm failed to see an improvement in operating profit. Dongwha Pharm: Dongwha Pharm’s operating profit for […]
Asiana Airlines Sees Growth in International Passengers but Profitability Takes a Hit Due to Increased Costs
Asiana Airlines Experiences Revenue Growth with Increase in International Passengers, Profits Slightly Decline By Lee Se-jeong, Reporter Seoul – Asiana Airlines saw a rise in top-line figures for the second quarter of this year, primarily driven by an increase in international passengers. However, the airline’s profitability saw a slight decline due to the mounting burden […]
HMM Reports Poor Performance in Q2 as Freight Rates Fall
HMM Faces Poor Performance in Second Quarter By Lee Se-jeong HMM, the leading business in the container sector, experienced a disappointing second quarter this year. This decline comes after a significant rise in freight rates during the COVID-19 pandemic. On the 10th, HMM reported a 57.7% decrease in consolidated sales, totaling KRW 2.13 trillion compared […]
Huons Reports Record Second Quarter Sales and Profit Growth, Plans for Further Expansion
Huons Records Highest Quarterly Performance, Reporting Impressive Growth Huons, under the leadership of CEO Song Soo-young and Yoon Sang-bae, announced outstanding financial results for the second quarter. Provisional sales reached a remarkable 140.7 billion won, while operating profit and net profit stood at 17.9 billion won and 14.9 billion won, respectively. This represents a substantial […]
Berkshire Hathaway Turns Profit in Q2 with Boost from Apple: Warren Buffett’s Investment Genius Strikes Again
Berkshire Hathaway, led by the renowned investor Warren Buffett, reported a profitable second quarter this year, attributed to a surge in Apple’s share price. The investment company recorded a net profit of $35.912 billion in the months of April to June, a significant turnaround from the loss of $43.621 billion in the same period last […]
S-Oil’s Financing Plans for the Shaheen Project and Interim Dividend Revealed
The 2nd quarter earnings conference call on the 28th provided insights into S-Oil’s plans for raising funds for the Shaheen project. The company outlined its strategy, stating that 30% of the total investment cost, amounting to KRW 2.65 trillion, will be financed through a combination of bank loans, facility funds from banks, and issuance of […]
Posco Holdings Bounces Back from Flood Damage, Reports Strong Steel Business Performance
Posco Holdings Overcomes Flood Nightmare, Achieves Strong Recovery Posco Holdings has successfully rebounded from the devastating floods it experienced last year. The Pohang Steel Works, which suffered significant damage, has been fully restored and production resumed in the second quarter of this year. This recovery, coupled with the impact of steel price increases, has led […]
POSCO Future M Reports Record Sales in Second Quarter with Expanded Battery Material Product Portfolio
POSCO Future M Sets New Sales Record in Q2 with Expanded Battery Material Product Portfolio POSOC Future M, a leading battery material supplier, has reported impressive second quarter sales, surpassing even their exceptional performance in the first quarter. According to the company’s latest financial report released on the 24th, POSCO Future M achieved consolidated sales […]
POSCO DX Reports Increased Sales and Operating Profit in Q2 2023 on the Back of Environmentally Friendly Materials Investments
POSCO DX Reports Increased Sales and Operating Profit in Q2 Group Companies’ Investments in Environmentally Friendly Materials Contribute to Growth POSCO DX, a subsidiary of POSCO, has reported a significant increase in sales and operating profit in the second quarter of 2023. The company recorded sales of 369.2 billion won and operating profit of 34.3 […]
Samsung Electronics 2Q deficit possible, earnings rebound only in second half of year to see impact of semiconductor production cuts
▲ It is analyzed that the possibility that Samsung Electronics will turn to a loss for the first time in 15 years in the entire business due to the decline of the semiconductor industry in the second quarter of 2023 has increased. [비즈니스포스트] Following a 95% drop in operating profit in the first quarter, Samsung […]
