The Korea Herald

Samsung Heavy turns to black in Q3

[DISCLOSURE] Samsung Heavy Industries (010140) reported on Oct. 27 that its operating profit in the third quarter reached 84 billion won (US$73.75 million), turning to black from the same period last year. Its revenue rose 14 percent to 2.78 trillion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Maeil Dairies opts out of McDonald’s Korea bid

[THE INVESTOR] Maeil Dairies has shelved its plans to bid for McDonald’s Korea in a consortium with Carlyle Group, according to news reports on Oct. 27. It was the last remaining bidder after all potential candidates, including CJ and NHN Entertainment, dropped out of the race to acquire the fast-food chain’s operations here that has over 400 outlets, and was estimated to be worth 500 million won (US$439.44 million). Mail Diaries had teamed up with the US private equity fund manager that is eyei

Oct. 27, 2016

Maeil Dairies opts out of McDonald’s Korea bid

Samsung SDS’s Q3 operating income jumps 41.9% to W170.5b

[DISCLOSURE] Samsung SDS (018260) reported on Oct. 27 that its operating profit in the third quarter jumped 41.9 percent to 170.6 billion won (US$149.78 million) from the same period last year. Its revenue rose 6.8 percent to 2.12 trillion won and net profit inched up 0.5 percent to 110.1 billion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

[EQUITIES] ‘LG Int’l Q3 earnings very disappointing’

[THE INVESTOR] LG International's third-quarter operating profit was disappointing at 21.6 billion won (US$18.96 million), falling way short of market consensus, securities firms said on Oct. 27.NH Investment and Securities lowered the target price to 31,000 won from 48,000 won and changed its recommendation to "hold."The firm’s operating profit dropped 28 percent as its resources business reflected costs of mine waste processing while the logistics division aggressively sought to increase volum

Oct. 27, 2016

[EQUITIES] ‘LG Int’l Q3 earnings very disappointing’

[EQUITIES] ‘GS E&C slow in recovery’

[THE INVESTOR] GS Engineering and Construction is lagging in recovery, said Shinhan Investment on Oct. 27, lowering the target price to 38,000 won (US$33.36) from 39,000 won. Its operating profit soared 252.7 percent to 38.4 billion won on-year but this is lower than market expectations (57.8 billion won), said analyst Park Sang-yeon. “A total of seven low price constructions will continue into the fourth quarter,” dragging down the speed of recovery, but in 2017 the figures will improve signifi

Oct. 27, 2016

Innocean’s Q3 earnings up 8.7% to W21.5b

[DISCLOSURE] Innocean Worldwide (214320) reported on Oct. 27 that its operating profit in the third quarter rose 8.7 percent to 21.4 billion won (US$18.79 million) from the same period last year. The marketing and advertising arm of Hyundai Motor Company’s revenue fell 3.7 percent to 231.7 billion won and net profit was down 8.3 percent to 16 billion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

[URGENT] Kia Motors' Q3 earnings slump 22.5% to W525b

[DISCLOSURE] Kia Motors (000270) reported on Oct. 27 that its operating profit in the third quarter fell 22.5 percent to 524.8 billion won (US$460.76 million) from the same period last year. Its revenue slipped 3.1 percent to 12.70 trillion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Daewoo E&C’s Q3 operating profit down 19%

[DISCLOSURE] Daewoo Engineering and Construction (047040) reported on Oct. 27 that its operating profit in the third quarter fell 19 percent to 97.9 billion won (US$85.95 million) on-year.Its revenue increased 6.9 percent to 2.78 trillion won and net profit decreased 5.8 percent to 3.08 billion won from the same period last year.“Although we have done quite well in housing and residential construction, there were some losses from overseas, and dented the income,” explained the company. (theinves

Oct. 27, 2016

SK Telecom’s Q3 earnings down 13% to W424b

[DISCLOSURE] SK Telecom (017670) reported on Oct. 27 that its operating profit in the third quarter fell 13.52 percent to 424.3 billion won (US$372.52 million) on-year.Its revenue slipped 0.41 percent to 4.24 trillion won and net profit decreased 15.63 percent to 322.11 billion won from the same period last year.(theinvestor@heraldcorp.com)

Oct. 27, 2016

[URGENT] Naver’s Q3 operating profit up 27.6% to W282b

[DISCLOSURE] Naver (035420) reported on Oct. 27 that its operating profit in the third quarter rose 27.6 percent to 282.3 billion won (US$247.85 million) on-year.Its revenue increased 20.5 percent to 1.13 trillion won and net profit surged 69.5 percent to 198 billion won from the same period last year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Samsung C&T sells entire Cheil Worldwide stake to Samsung Electronics

[DISCLOSURE] Samsung C&T (028260) announced on Oct. 27 that it will sell its entire 14,539,350 shares of Cheil Worldwide to its affiliate Samsung Electronics at 267.52 billion won (US$234.88 million) in an after-hours block deal.The deal “is to improve balance and to secure funds for improvement,” said the company. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Hanmi Pharma’s Q3 operating income down 61.5% to W13.5b

[DISCLOSURE] Hanmi Pharmaceutical (128940) reported on Oct. 27 that its operating profit in the third quarter slumped 61.5 percent to 13.7 billion won (US$12.03 million) on-year.The revenue fell 18.1 percent to 219.7 billion won and net profit turned to black at 6.3 billion won from the same period last year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

LG Int’l’s Q3 operating profit down 27.6% to W21.5b

[DISCLOSURE] LG International (001120) reported on Oct. 26 that its operating profit in the third quarter dropped 27.6 percent to 21.63 billion won (US$19.14 million) from the same period last year. Its revenue fell 18.7 percent to 2.94 trillion won on-year while its net profit shot up 1,770.4 percent to 9.61 billion won. (theinvestor@heraldcorp.com)

Oct. 26, 2016

Hyundai Heavy turns to black with W322b Q3 operating profit

[DISCLOSURE] Hyundai Heavy Industries (009540) reported on Oct. 26 that it has turned to black with a 321.8 billion won (US$284.88 million) operating profit in the third quarter. Its revenue fell 19 percent to 8.84 trillion won from the same period last year, and the company posted 334.4 billion won net profit. (theinvestor@heraldcorp.com)

Oct. 26, 2016

Cosmax earns patent for restorative cosmetic composition

[DISCLOSURE] Cosmax (192820) announced on Oct. 26 that it has earned a patent for a cosmetic composition derived from Tillandsia usneoides, or Spanish moss, that moisturizes skin, accelerates differentiation of cells that generates keratin, and restores skin barriers.(theinvestor@heraldcorp.com)

Oct. 26, 2016

Articles by Hwang You-mee