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(LEAD) Listed firms log decent performances in Q3

Industry 14:23 November 15, 2018

(ATTN: ADDS more details in last 5 paras)

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)

Excluding the two top-cap tech firms, however, things are not quite encouraging.

In the January-September period, the accumulated sales of the listed firms, excluding Samsung Electronics Co. and SK hynix Co., rose 4.62 percent to 1,188 trillion won, but operating income went down 9.94 percent to 66 trillion won, and net profits dropped 15.45 percent to 48 trillion won, according to the data.

Of the 1,067 out of 1,264 companies listed on the country's secondary KOSDAQ market, combined sales increased 3.06 percent to 120 trillion won in the first nine months of the year.

But their net profits contracted 2.42 percent to 51 trillion won, and operating profit retreated 7.36 percent to 66 trillion won, the findings revealed.

So far this year, 728 firms, or 68.23 percent, enjoyed net profits, while 31.77 percent, or 339 entities, logged losses, the latest data showed.


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