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Listed firms log decent performances in Q3

Industry 13:55 November 15, 2018

SEOUL, Nov. 15 (Yonhap) -- Earnings by South Korean listed companies marked an on-year growth in the third quarter of this year, data showed Thursday.

The combined net profit of 534 out of 634 firms, which are listed on the main KOSPI bourse and close their books on Dec. 31, came to 33 trillion won (US$29.16 billion) on a consolidated basis in the July-September period, up 7.95 percent from a year earlier, according to the data compiled by the bourse operator, Korea Exchange (KRX).

Their combined operating income also jumped 9.26 percent on-year to 46 trillion won and sales grew 3.65 percent to 484 trillion won during the cited period, the data showed.

Of the listed companies, 394 entities, or 73.78 percent, were in the black, while 140 firms ran a deficit in the third quarter, according to the KRX.

During the first nine months of the year, the listed companies' sales came to 1,403 trillion won, up 5.47 percent from the same period last year.

Their operating income also advanced 7.88 percent to 130 trillion won, and net profit inched up 1.92 percent to 96 trillion won, the data showed.

This file photo shows the buildings of South Korea's major companies in Euljiro, Seoul. (Yonhap)


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