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S. Korean listed firms’ Q4 earnings forecast to deteriorate on-quarter: estimates
2012.11.07 10:30:47 | 2012.11.07 18:29:34
South Korean listed firms’ earnings are projected to decline in the fourth quarter (Q4) of this year compared to the previous quarter, showed a recent data.

[S. Korean listed firms’ Q4 earnings forecast to deteriorate on-quarter: estimates] 기사의 본문 이미지

114 Korean listed companies whose OP estimates published by more than three securities firms are predicted to show an average of 4.9 percent drop in their operating profit (OP) from Q3 OP estimates to 30.45 trillion won (27 billion), according to the data compiled by local financial information provider FnGuide Wednesday.

Out of the total listed companies, 63 (55.2 percent) are expected improvements in their OPs while 45 companies (39.4 percent) are not.

Five companies would swing to a profit while one company would see a decline in its loss, according to the data.

Samsung SDI is likely to post the steepest slide in the business performance. Samsung SDI’s expected OP in Q4 reached 50.4 billion won, down 96.7 percent from the previous quarter. The fall is blamed on the stagnating PC market and the following modest growth in battery exports and the money-losing photovoltaic industry.

OPs of KEPCO (-85.5 percent), Greencross (-72.6 percent), Hyundai Merchant Marine (-59.1 percent), Youngone Trade (-58.8 percent), Lottechilsung (-56.3 percent) and Korean Air (-51.1 percent) are also forecast to drop from the previous quarter.

Among top-ranking companies by market capitalization, Samsung Electronics was expected to witness a 2.2 percent fall in Q4 OP to 7.4 trillion won.

That was followed by S-Oil (-22.6 percent), Samsung Heavy Industries (-19.5 percent), Honam Petrochemical (-17 percent), LG Chem (-10 percent) and POSCO (-4.3 percent)

Meanwhile, LG Display (53.3 percent), SK Telecom (31.8 percent), Hyundai Motor (18.8 percent), Hyundai Mobis (17.6 percent) and NHN (17.8 percent) will likely to experience rises in OP while SK Hynix is expected to swing to a profit.

[Written by Jieun Lee/ edited by Soyoung Chung]


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