Half of S. Korean listed firms' sales fell in January-September: KERI
- 5 years ago
한국경제연구원 '상장사 절반 1∼3분기 매출액 줄어'
Data from the Korea Economic Research Institute show... that a growing number of Korean listed firms reported declines in their sales and operating profits between January and September.
The only main sector where sales didn't fall was electronics.
Our Kim Hyesung reports.
Nearly half of all South Korean firms listed on the country's main stock market saw a fall in sales during the first nine months of this year.
The Korea Economic Research Institute says... of the 578 companies listed on the benchmark KOSPI, 46-point-four percent saw their sales drop... higher than the previous year's figure of 32-point-five percent.
As for operating profits, six out of ten companies saw declines... up from 2017's 41 percent.
Two-hundred-nine companies saw both sales and operating profits decline, one-point-four times as many as the previous year, .... while the number of firms that saw both figures go up shrank by 25 percent.
The report says starting 2016, the percentage of companies making losses has grown...reflecting worsening business performance.
The rate was 17-point-5 percent in 2013, before falling to 13 percent in 2016... but it topped 20 percent as of the third quarter this year.
Of the nation's top five sectors by sales... only electronics saw operating profits go up between January and September on-year.
But excluding the nation's top two chipmakers... Samsung Electronics and SK Hynix... the electronics sector saw operating profits fall by over 47 percent.
The chemicals sector also saw a 9-percent fall in profits, and transport equipment fell 70 percent.
Kim Hyesung, Arirang News.
Data from the Korea Economic Research Institute show... that a growing number of Korean listed firms reported declines in their sales and operating profits between January and September.
The only main sector where sales didn't fall was electronics.
Our Kim Hyesung reports.
Nearly half of all South Korean firms listed on the country's main stock market saw a fall in sales during the first nine months of this year.
The Korea Economic Research Institute says... of the 578 companies listed on the benchmark KOSPI, 46-point-four percent saw their sales drop... higher than the previous year's figure of 32-point-five percent.
As for operating profits, six out of ten companies saw declines... up from 2017's 41 percent.
Two-hundred-nine companies saw both sales and operating profits decline, one-point-four times as many as the previous year, .... while the number of firms that saw both figures go up shrank by 25 percent.
The report says starting 2016, the percentage of companies making losses has grown...reflecting worsening business performance.
The rate was 17-point-5 percent in 2013, before falling to 13 percent in 2016... but it topped 20 percent as of the third quarter this year.
Of the nation's top five sectors by sales... only electronics saw operating profits go up between January and September on-year.
But excluding the nation's top two chipmakers... Samsung Electronics and SK Hynix... the electronics sector saw operating profits fall by over 47 percent.
The chemicals sector also saw a 9-percent fall in profits, and transport equipment fell 70 percent.
Kim Hyesung, Arirang News.