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.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip