April 27, 2024
Finance
KOSPI-listed firms hit net profit of W100tr in 2016
[THE INVESTOR] South Korean companies listed on KOSPI market are expected to have reached a record net profit of more than 100 trillion won (US$84 billion) in 2016, market analysts said on Jan. 5.
This was mainly attributable to cost-cutting and other belt-tightening measures rather than a sharp increase in sales, they pointed out.
NH Investment & Securities said the combined operating profit and net profit of the KOSPI-listed firms last year would likely exceed 150 trillion won and 100 trillion won, respectively.
Many other brokerage firms also estimated their aggregate net profit will reach 95-100 trillion won.
Korea Investment & Securities put the figure at 107 trillion won.
(theinvestor@heraldcorp.com)
This was mainly attributable to cost-cutting and other belt-tightening measures rather than a sharp increase in sales, they pointed out.
NH Investment & Securities said the combined operating profit and net profit of the KOSPI-listed firms last year would likely exceed 150 trillion won and 100 trillion won, respectively.
Many other brokerage firms also estimated their aggregate net profit will reach 95-100 trillion won.
Korea Investment & Securities put the figure at 107 trillion won.
(theinvestor@heraldcorp.com)
