Seoul, April 23 (IANS) Samsung SDS, the information technology (IT) service arm of Samsung Group, said on Thursday its first-quarter net profit fell nearly 60 per cent from a year earlier due to a one-off factor.Net profit for the January-March period came to 91.8 billion won (US$62.1 million), down 57.8 percent from 217.7 billion won a year earlier, reports Yonhap news agency.Its operating profit tumbled 70.8 percent on-year to 78.3 billion won and sales fell 3.9 percent to 3.35 trillion won.Th…
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Seoul, April 7 (IANS) LG Energy Solution Ltd, South Korea’s leading battery maker, on Tuesday estimated it posted an operating loss in the first quarter, apparently due to the fallout from the US-Iran war.Operating loss came to 207.8 billion won (US$138.2 million) in the January-March period, shifting from a profit of 374.7 billion won a year earlier, the company said in a regulatory filing.Sales decreased 2.5 percent to 6.55 trillion won. Data for net earnings was unavailable, reports Yonhap ne…
Seoul, April 7 (IANS) Samsung Electronics on Tuesday estimated its first-quarter operating profit to have surpassed 50 trillion won ($33.1 billion) for the first time, driven by strong demand for premium memory chips from the artificial intelligence (AI) industry.The South Korean tech giant projected an operating profit of 57.2 trillion won for the January-March period, surging from 6.61 trillion won a year earlier, according to earnings guidance released by Samsung Electronics.The operating pro…
Seoul, Jan 29 (IANS) Samsung Electronics on Thursday said it has posted record operating profit and sales in the fourth quarter of 2025 on strong sales of premium semiconductor products, including high bandwidth memory (HBM), amid the global artificial intelligence (AI) boom.The company said in a regulatory filing that it posted 20.07 trillion won ($13.9 billion) in operating profit for the quarter, compared with 6.49 trillion won a year ago. Revenue rose 23.8 percent on-year to 93.83 trillion w…
Seoul, Jan 29 (IANS) LG Energy Solution, South Korea’s leading battery maker, on Thursday reported its fourth-quarter net loss of 772.5 billion won ($541.3 million), remaining in the red compared with a year ago, amid an ongoing slump in electric vehicle (EV) demand.The company said in a regulatory filing that it continued to post an operating loss of 122 billion won for the October-December period, compared with a loss of 225.5 billion won a year earlier. Sales fell 4.8 percent on-year to 6.14 …
Seoul, Jan 28 (IANS) Hyundai Mobis, South Korea’s leading auto parts maker, said on Wednesday its fourth-quarter net profit dropped 39.9 percent from a year earlier due to losses from equity investment in group affiliates, as well as the effects of Washington’s sectoral tariffs.Net profit for the three months ended in December totalled 768.1 billion won (US$536.4 million), compared with 1.28 trillion won from the same period in 2024, the company said in a regulatory filing.Operating profit for t…
Seoul, Jan 12 (IANS) South Korea’s exports of food and agriculture-related products reached a record high of $13.62 billion in 2025, driven by the global popularity of Korean food products, such as “ramyeon” noodles, sauces and fruits, the agriculture ministry said on Monday.Exports in the “K-Food Plus” sector expanded 5.1 percent from a year earlier to the new annual high, according to the Ministry of Agriculture, Food and Rural Affairs. K-Food Plus is a term coined by the local government to p…
Seoul, Jan 9 (IANS) LG Electronics on Friday said it turned to an operating loss from a year earlier in the fourth quarter, amid an overall contraction in demand caused by US tariffs.Operating loss in the October-December period came to 109.4 billion won (US$75.2 million), shifting from a profit of 135.4 billion won a year earlier, the company said in a regulatory filing.The performance missed Yonhap Infomax’s projection of an operating profit of 20.5 billion won, reports Yonhap news agency.Reve…