이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Half of Korea’s listed firms underperformed expectations in Q4
- Collected
- 2017.02.13
- Distributed
- 2017.02.14
- Source
- Go Direct
The study commissioned by Maeil Business Newspaper showed that 71 out of 151 companies listed on the main Kospi bourse reported operating profit missing estimates by securities companies by at least 10 percent. The study was restricted to stocks drawing earnings estimates by at least three securities companies.
Their combined operating income reached 29.95 trillion won ($26 billion), 11.6 percent below the estimated 29.36 trillion won. The combined revenue was 345.5 trillion won, off 2.8 percent from estimated 355.4 trillion won.
Among the biggest disappointments was Hyundai Motor Co. that registered an operating income of 1.02 trillion won, which was as much as 29.1 percent off estimated 1.44 trillion won. State-run utility firm Korea Electric Power Corp. and nation’s largest steelmaker Posco underperformed by 47.1 percent and 32.4 percent, respectively. The nation’s second largest electronics maker LG Electronics delivered its first operating loss in six years in the final quarter of 2016.
Bellwether stocks did poorer than expected despite favorable foreign exchange conditions, said a market observer.
Instead domestic market-oriented players such as retailers Lotte Shopping and E-mart did better than hoped because projections had been conservative in light of lethargy in the domestic market.
By Han Woo-ram and Yoon Jin-ho
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]