[Asia Economy Reporter Hwang Yoon-joo]
▲POSCO International= Plans to invest a total of KRW 3.8 trillion over three years from next year to 2025 to strengthen the LNG value chain. The investment includes LNG terminal construction (KRW 1.6 trillion), natural gas production expansion (KRW 1.3 trillion), LNG power generation (KRW 700 billion), and environmental energy (KRW 200 billion).
▲LG HelloVision= Reported a 59.6% increase in operating profit on a consolidated basis for Q3 this year to KRW 17.975 billion compared to the same period last year. Sales for the same period rose 22% to KRW 325.864 billion, and net profit increased 71.9% to KRW 13.082 billion.
▲LIG Nex1= Signed the 3-2nd batch mass production contract for the infantry mid-range guided missile ‘Hyeongung’ with the Defense Acquisition Program Administration. The contract amount is KRW 85.9 billion, which corresponds to 4.7% of LIG Nex1’s sales last year.
▲LG Uplus= Operating profit for Q3 this year was KRW 285.1 billion, up 3% from the same period last year. Sales for the same period increased 0.7% to KRW 3.5011 trillion, while net profit decreased 19.1% to KRW 170.8 billion.
▲Asia= Decided on a cash interim dividend of KRW 500 per common share. The dividend yield is 0.42%, and the total dividend amount is KRW 902 million. The dividend payment date is scheduled for the 15th.
▲KC Cottrell= Signed a contract with Hyundai Steel to install a new desulfurization and denitrification facility for Dangjin 3 coke plant. The contract amount is KRW 45.1 billion, which is 12.7% of 2021 sales. The contract period is until September 30, 2024.
▲Hanjin= Extended the maturity of KRW 20 billion operating fund loan by one year to its affiliate, Kal Hotel Network Co., Ltd.
▲Hyundai Motor= Purchased KRW 55 billion worth of MMT (Money Market Trust) from its affiliate Hyundai Motor Securities for stable fund management and profitability improvement.
▲Hanwha Aerospace= Signed the first execution contract to export Cheonmu multiple launch rocket systems worth KRW 5.0476 trillion to Poland.
▲Innocean= Recorded sales of KRW 466.9 billion and operating profit of KRW 36.3 billion on a consolidated financial statement basis for Q3.
▲Lotte Shopping= Recorded sales of KRW 4.0132 trillion and operating profit of KRW 150 billion on a consolidated financial statement basis for Q3.
▲POSCO Holdings= Cash dividend of KRW 2,000 per common share.
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