Korea Exchange Announces Q1 Earnings Results for KOSPI and KOSDAQ
KOSPI Reports 46 Trillion KRW Operating Profit on Consolidated Basis, Up 84%
KOSDAQ Sees Decline in Both Operating Profit and Net Profit
KOSPI's first-quarter earnings significantly increased compared to the previous year. In contrast, KOSDAQ saw decreases in both operating profit and net profit.
According to an analysis by the Korea Exchange on the earnings of 622 companies (consolidated basis) out of 700 December fiscal year-end corporations listed on the KOSPI market as of the 20th, first-quarter operating profit amounted to 46.8564 trillion KRW, marking an 84.07% increase compared to the same period last year.
During the same period, net profit rose by 91.78% to 36.4473 trillion KRW. Sales revenue was recorded at 726.3744 trillion KRW, a 2.83% increase. Operating profit margin was 6.45%, and net profit margin was 5.02%, both up from the previous year’s corresponding period.
Excluding Samsung Electronics, which accounts for about 10% of total sales, sales revenue still showed a slight increase of 1.83%. Operating profit (62.19%) and net profit (70.35%) surged significantly.
By industry, operating profit increased in 10 out of 17 sectors, including non-metallic minerals and service industries. Notably, the electrical and electronics, electricity and gas, and medical precision sectors turned profitable.
Operating profit in the financial sector (41 companies) increased by 1.22% year-on-year, but net profit decreased by 7.85%. In particular, financial holding companies declined by 11.22%, and securities companies by 9.0%.
Among the 622 companies analyzed, 488 companies (78.46%) achieved net profit surpluses, an increase of 11 companies compared to the previous year (477 companies). Loss-making companies numbered 134 (21.54%).
The consolidated debt ratio of KOSPI-listed companies was 115.61%, up 2.67 percentage points from the end of last year.
For KOSDAQ, an analysis of 1,150 companies (consolidated basis) out of 1,270 December fiscal year-end corporations showed that first-quarter operating profit was 2.3312 trillion KRW, a 4.01% decrease compared to the same period last year.
Net profit also declined by 11.22% to 2.1717 trillion KRW. However, sales revenue increased by 3.50% to 65.0672 trillion KRW. Operating profit margin was 3.58%, and net profit margin was 3.34%, down 0.28 and 0.55 percentage points respectively from the previous year’s corresponding period.
By industry, the IT sector’s operating profit and net profit increased by 110.9% and 23.41%, respectively. In particular, IT H/W saw operating profit and net profit rise sharply by 118.15% and 70.73%, respectively. Conversely, the manufacturing sector’s operating profit and net profit decreased by 20.11% and 26.95%, respectively.
Meanwhile, to separately manage high-quality companies in the KOSDAQ market, the KOSDAQ Global Segment, benchmarked against the Nasdaq Global Select Segment, showed operating profit and net profit increases of 14.4% and 15.7%, respectively. This contrasts with non-included companies, whose operating profit and net profit decreased by 8.5% and 16.2%, respectively.
Among the 1,150 companies analyzed, 678 companies (58.96%) achieved net profit surpluses, a decrease of 25 companies compared to the previous year (703 companies). Loss-making companies numbered 472 (41.04%).
The consolidated debt ratio of KOSDAQ-listed companies was 108.53%, up 2.31 percentage points from the end of last year.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
