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Shinhan Financial Group logs flat net profit
SEOUL, April 27 (Yonhap) -- Major South Korean financial holding firm Shinhan Financial Group Co. said Thursday its net profit edged up 0.2 percent in the first quarter from a year earlier.Net profit for the three months ended in March came to 1.38 t
Samsung Heavy Industries swings to profits in Q1
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SEOUL, April 27 (Yonhap) -- Samsung Heavy Industries Co. on Thursday reported its first-quarter net profit of 9.3 billion won (US$7 million), turning from a loss of 103.9 billion won a year earlier.Operating income for the January-March period was 19
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(LEAD) POSCO Future M Q1 net up 12 pct on solid battery materials demand
(ATTN: RECASTS headline, lead; ADDS more details throughout) SEOUL, April 27 (Yonhap) -- POSCO Future M Co., a major South Korean manufacturer of battery materials, said Thursday its first quarter net rose 11.7 percent from a year earlier, on the bac
Industrial Bank of Korea Q1 net income up 12.8 pct to 723.3 bln won
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SEOUL, April 27 (Yonhap) -- Industrial Bank Of Korea on Thursday reported its first-quarter net income of 723.3 billion won (US$540.6 million), up 12.8 percent from a year earlier.Operating income for the January-March period was 915.6 billion won, u
DGB Financial Group Q1 net income down 2.3 pct to 177.6 bln won
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SEOUL, April 27 (Yonhap) -- DGB Financial Group on Thursday reported its first-quarter net profit of 177.6 billion won (US$132.8 million), down 2.3 percent from a year earlier.The company said in a regulatory filing that it posted 229.3 billion won i
SK Bioscience swings to red in Q1
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SEOUL, April 27 (Yonhap) -- SK Bioscience Co. on Thursday reported its first-quarter net loss of 14.3 billion won (US$10.7 million), shifting from a profit of 27.8 billion won a year earlier.The company said in a regulatory filing that it posted an o
BNK Financial Group Q1 net income down 6.6 pct to 268.3 bln won
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SEOUL, April 27 (Yonhap) -- BNK Financial Group Inc. on Thursday reported its first-quarter net income of 268.3 billion won (US$200.4 million), down 6.6 percent from a year earlier.The company said in a regulatory filing that it posted 321.8 billion
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(LEAD) LG Electronics Q1 profit down on slow demand
(ATTN: CHANGES headline; RECASTS throughout; ADDS photo)SEOUL, April 27 (Yonhap) -- LG Electronics Inc. on Thursday said its operating profit for the January-March period declined 23 percent from a year earlier amid the on-going macroeconomic woes th
Poongsan Q1 net income up 24.8 pct to 54.2 bln won
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SEOUL, April 27 (Yonhap) -- Poongsan Corp. on Thursday reported its first-quarter net profit of 54.2 billion won (US$40.5 million), up 24.8 percent from a year earlier.Operating income for the January-March period was 84.8 billion won, up 22.5 percen
S. Korea to sell 7.5 tln won in Treasury bills in May
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SEOUL, April 27 (Yonhap) -- South Korea plans to sell 7.5 trillion won (US$5.59 billion) worth of Treasury bills next month to fund fiscal spending, the finance ministry said Thursday.The bills, which have a maturity of 63 days, will be sold in five
HD Korea Shipbuilding & Offshore Engineering remains in red in Q1
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SEOUL, April 27 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. on Thursday reported its first-quarter net loss of 81.1 billion won (US$60.6 million), remaining in the red compared with a year ago.Operating income for the January-March p
HD Hyundai Q1 net profit down 65.1 pct to 192 bln won
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SEOUL, April 27 (Yonhap) -- HD Hyundai Co. on Thursday reported its first-quarter net income of 192 billion won (US$143.4 million), down 65.1 percent from a year earlier.Operating profit for the January-March period was 610.9 billion won, down 24.1 p
HD Hyundai Heavy Industries swings to profits in Q1
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SEOUL, April 27 (Yonhap) -- HD Hyundai Heavy Industries Co. on Thursday reported its first-quarter net income of 50.2 billion won (US$37.5 million), swinging from a loss of 175.9 billion won a year earlier.Operating income for the January-March perio
Hyundai Mipo Dockyard remains in red in Q1
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SEOUL, April 27 (Yonhap) -- Hyundai Mipo Dockyard Co. on Thursday reported its first-quarter net loss of 4.4 billion won (US$3.3 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post
LG Electronics Q1 net profit down 61 pct to 546.5 bln won
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SEOUL, April 27 (Yonhap) -- LG Electronics Inc. on Thursday reported its first-quarter net profit of 546.5 billion won (US$408.2 million), down 61 percent from a year earlier.Operating profit for the January-March period was 1.49 trillion won, down 2
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HD Korea Shipbuilding bags 367.4 bln-won order for 4 LPG carriers
SEOUL, April 27 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has won a 367.4 billion-won (US$276 million) order to build four liquefied petroleum gas (LPG) carriers for an Asian shipper.Hyundai Mipo Dockyard Co., one
POSCO Future M Q1 net income up 11.7 pct to 40.2 bln won
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SEOUL, April 27 (Yonhap) -- POSCO Future M Co. on Thursday reported its first-quarter net income of 40.2 billion won (US$30 million), up 11.7 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-Ma
Hanwha Aerospace Q1 net profit up 965.5 pct to 475.2 bln won
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SEOUL, April 27 (Yonhap) -- Hanwha Aerospace Co. on Thursday reported its first-quarter net profit of 475.2 billion won (US$354.3 million), up 965.5 percent from a year earlier.The company said in a regulatory filing that it posted 228.5 billion won
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S. Korea, Kenya discuss enhanced economic cooperation
SEOUL, April 27 (Yonhap) -- South Korea and Kenya discussed ways Thursday to boost bilateral cooperation in economy and major projects in green, digital and various other industry sectors, Seoul's finance ministry said.The discussion was made dur
GS E&C Q1 net profit up 4 pct to 161.6 bln won
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SEOUL, April 27 (Yonhap) -- GS Engineering & Construction Corp. on Thursday reported its first-quarter net income of 161.6 billion won (US$120.4 million), up 4 percent from a year earlier.The company said in a regulatory filing that operating profit
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