Arab Today, arab today s korean major companies profits edge down in 2011
Last Updated : GMT 18:20:49
Arab Today, arab today
Arab Today, arab today

S Korean major companies profits edge down in 2011

Arab Today, arab today

Arab Today, arab today S Korean major companies profits edge down in 2011

Seoul - QNA

Major listed companies belonging to South Korea\'s top 10 conglomerates saw their operating profits inch down in 2011 from a year earlier on global economic woes, data showed Thursday. The combined operating profit of the 73 companies reached 73.89 trillion won (US$64.7 billion) last year, down 1.04% from the previous year, according to the Korea Exchange, the nation\'s bourse operator. Of the conglomerates, only four posted gains in operating profits with the remainder suffering declines. SK Group, South Korea\'s third-largest conglomerate, posted an operating profit of 14.48 trillion won in 2011, up 36% from the year earlier and the biggest leap among the 10 conglomerates, South Korea\'s (Yonhap) news agency reported. Hyundai Motor Group, the world\'s fifth-largest carmaker, earned 17.61 trillion won in 2011 operating profit, up 29.11% from a year earlier, thanks to strong performances by its flagship companies, Hyundai Motor Co. and Kia Motors Corp. However, South Korea\'s largest conglomerate Samsung Group saw its operating profit decline 9.84% on-year to reach 20.61 trillion won in 2011, affected by the overall slump in the information technology industry. Samsung has global tech giant Samsung Electronics Co. under its wing. Hanjin Group, which controls South Korea\'s top container line Hanjin Shipping Co., posted the worst performance, with its operating profit tumbling to around 30 billion won from slightly over 2 trillion won. The plunge in Hanjin Group\'s operating profit was caused by the deepening downturn of the global shipping industry stemming from the eurozone debt crisis, according to the data.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korean major companies profits edge down in 2011 Arab Today, arab today s korean major companies profits edge down in 2011

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korean major companies profits edge down in 2011 Arab Today, arab today s korean major companies profits edge down in 2011

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday