KOSDAQ Operating Profit Down 1.44% YoY... Sales Slightly Increased

KOSDAQ Operating Profit Slumps... Growth on a Quarterly Basis

In the first half of this year, the sales revenue of KOSDAQ-listed companies slightly increased, but operating profit and net profit decreased. However, on a quarterly basis, operating profit significantly increased compared to the first quarter.

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

According to the Korea Exchange on the 19th, the consolidated sales revenue of 1,146 KOSDAQ-listed companies with December fiscal year-end was 131.8652 trillion won in the first half, up 3.92% from the same period last year. However, operating profit and net profit recorded 5.4996 trillion won and 3.8596 trillion won, respectively, decreasing by 1.44% and 8.93%.

On a quarterly basis, as of the end of the second quarter, sales revenue and operating profit increased by 5.10% and 37.07%, respectively, compared to the first quarter. Net profit decreased by 21.39%.

The operating profit margin and net profit margin were 4.17% and 2.93%, respectively, down 0.23 percentage points and 0.41 percentage points from the first half of last year.

Also, as of the end of the second quarter this year, the consolidated debt ratio of KOSDAQ-listed companies was 106.40%, up 0.61 percentage points from the end of last year.

Among the 1,146 companies, 705 (61.52%) posted net profits in the half-year period, an increase of 2 companies (0.18 percentage points) from 703 (61.34%) in the same period last year. The number of companies with losses was 441, down 2 from 443 in the same period last year.

By industry, net profit increased in seven sectors including machinery and equipment, general electrical and electronics, while net profit decreased in 14 sectors including chemicals, pharmaceuticals, and entertainment and culture.

Meanwhile, companies designated as 'KOSDAQ Global Segment'?recognized for excellent financial performance, market evaluation, and corporate governance in the KOSDAQ market?saw their sales revenue decrease by 3.79% compared to the same period last year, while operating profit and net profit increased by 10.37% and 18.11%, respectively. Additionally, sales revenue operating profit margin and net profit margin increased by 1.02 percentage points and 1.22 percentage points, respectively, indicating improved profitability.