Korea's listed firms are enjoying strong results in the first quarter of this year as the U.S.-led global economic recovery is entering an expansionary phase. Some analysts predicted the combined operating profit of the listed companies would reach 170 trillion won this year, up by about 20 trillion won from a year ago.
According to financial information provider FnGuide on March 30, two out of three listed companies are expected to see their operating profit grow in the first quarter of this year.
Among the 345 listed companies for which earnings estimates are available, 230 companies are estimated to have marked a positive growth in operating profit in the first quarter. The number of listed companies that are expected to bounce back to the black in the first quarter is estimated at 19.
As the upward trend of the nation's exports that began from late last year continues in March, expectations are growing for better earnings ahead for the listed companies. According to the Korea Customs Service, the nation's shipments for the period from March 1 to 20 registered a positive year-on-year growth of 14.8 percent.
Korea Scientists and Engineers Mutual-aid Association (SEMA) will commit about 20 billion won ($18 million) to a fund of Morgan Stanley Energy Partners (MSEP) for co-investment in a US water management firm, according to a local media report. The $4.2&hellip
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip