ID :
201821
Wed, 08/17/2011 - 09:58
Auther :
Shortlink :
https://oananews.org//node/201821
The shortlink copeid
Listed firms' net falls 5 pct in H1
(ATTN: ADDS details in paras 8-10)
SEOUL, Aug. 17 (Yonhap) -- South Korea's listed companies saw their earnings drop 5 percent on-year in the first half of the year amid unstable external economic conditions, a report showed Wednesday.
The combined net profit of 469 of 660 companies, which are listed on the main bourse and close their books on Dec. 31, reached 4.19 trillion won (US$3.9 billion) in the January-June period, compared with 4.41 trillion won a year earlier, according to the report by the Korea Exchange and the Korea Listed Companies Association.
Numbers for the remaining companies are not available, it said.
The report showed the firms' total revenue increased 11.9 percent on-year to 100.39 trillion won in the six-month period, while operating profit slipped 2.2 percent to 5.81 trillion won.
The weaker bottom line came as firms' profitability slipped on a rise in oil and raw material prices amid worsening external economic uncertainties.
"Revenue climbed on robust shipments of cars and steel products as well as big orders on overseas construction projects," the report said.
Earnings and operating profit, however, slipped due to difficult external conditions stemming from the eurozone's debt crisis, the slowing U.S. economy and decreased consumption following Japan's earthquake, it said.
By sector, the information technology industry swung to positive territory from a year earlier, thanks to brisk exports of system semiconductors. Steelmakers saw their earnings jump around 27 percent on-year on robust overseas shipments.
In contrast, builders continued to stay in the red amid a prolonged slump in the local property market.
Around 81 percent of the tallied companies earned money in the first half, while the remainder suffered net losses, the report said.
The average debt ratio of the tallied firms came in at 85.28 percent as of end-June, up 2.01 percentage points from the end of 2010, according to the report.
SEOUL, Aug. 17 (Yonhap) -- South Korea's listed companies saw their earnings drop 5 percent on-year in the first half of the year amid unstable external economic conditions, a report showed Wednesday.
The combined net profit of 469 of 660 companies, which are listed on the main bourse and close their books on Dec. 31, reached 4.19 trillion won (US$3.9 billion) in the January-June period, compared with 4.41 trillion won a year earlier, according to the report by the Korea Exchange and the Korea Listed Companies Association.
Numbers for the remaining companies are not available, it said.
The report showed the firms' total revenue increased 11.9 percent on-year to 100.39 trillion won in the six-month period, while operating profit slipped 2.2 percent to 5.81 trillion won.
The weaker bottom line came as firms' profitability slipped on a rise in oil and raw material prices amid worsening external economic uncertainties.
"Revenue climbed on robust shipments of cars and steel products as well as big orders on overseas construction projects," the report said.
Earnings and operating profit, however, slipped due to difficult external conditions stemming from the eurozone's debt crisis, the slowing U.S. economy and decreased consumption following Japan's earthquake, it said.
By sector, the information technology industry swung to positive territory from a year earlier, thanks to brisk exports of system semiconductors. Steelmakers saw their earnings jump around 27 percent on-year on robust overseas shipments.
In contrast, builders continued to stay in the red amid a prolonged slump in the local property market.
Around 81 percent of the tallied companies earned money in the first half, while the remainder suffered net losses, the report said.
The average debt ratio of the tallied firms came in at 85.28 percent as of end-June, up 2.01 percentage points from the end of 2010, according to the report.
