In the first quarter of this year, both sales and profitability improved among KOSPI-listed companies. In contrast, KOSDAQ-listed companies saw a decline in operating profit and net profit despite an increase in sales.
KOSPI December Fiscal Year Companies: Increases in Sales, Operating Profit, and Net Profit in Q1
According to the Korea Exchange on May 19, the consolidated sales of December fiscal year companies listed on the KOSPI reached 759.1712 trillion won in the first quarter, up 6.65% compared to the same period last year. Operating profit was 56.9957 trillion won, an increase of 23.47%, and net profit was 51.5279 trillion won, up 41.79%. The operating margin and net margin improved to 7.51% and 6.79%, respectively, marking increases of 1.02 percentage points and 1.68 percentage points.
The debt ratio for the first quarter stood at 112.88%, up 0.92 percentage points from the end of last year.
Out of the 636 companies analyzed based on consolidated financial statements, 478 companies, or 75.16%, recorded a net profit. This is 18 fewer companies compared to the same period last year. There were 158 loss-making companies, of which 65 shifted from profit to loss.
By industry, 15 sectors, including transportation and warehousing, electrical and electronics, and pharmaceuticals, saw an increase in sales, while 5 sectors, such as non-metallic minerals and construction, experienced a decrease. Operating profit increased in 13 sectors, including electricity and gas, and pharmaceuticals, but decreased in 7 sectors, including non-metallic minerals, machinery and equipment, and paper and wood.
The consolidated operating profit of 43 financial companies decreased by 6.17% year-on-year, while net profit increased by 4.21%. The operating profit of insurance and financial holding companies fell by 13.95% and 5.55%, respectively.
KOSDAQ December Fiscal Year Companies: Sales Up, but Profitability Declines
The consolidated sales of December fiscal year companies listed on the KOSDAQ reached 67.8013 trillion won in the first quarter, up 4.36% year-on-year. However, operating profit decreased by 2.36% to 2.242 trillion won, and net profit fell by 26.78% to 1.5625 trillion won. The operating margin was 3.31%, down slightly by 0.23 percentage points compared to the first quarter of last year.
The debt ratio of KOSDAQ-listed companies in the first quarter was 109.45%, up 4.57 percentage points from the end of last year.
Among KOSDAQ150 constituent companies, sales and net profit increased by 3.94% and 38.44%, respectively, while operating profit decreased by 0.57%. The operating margin of KOSDAQ150 constituent companies was 6.43%, which was 4.33 percentage points higher than the 2.10% of non-constituent companies. Compared to the same period last year, this represents a decrease of 0.29 percentage points. Sales and operating profit among KOSDAQ Global Segment constituent companies decreased by 8.38% and 8.18%, respectively.
Out of 1,212 consolidated companies, 644 recorded a net profit, while 568 posted a net loss.
By industry, sales in IT services and distribution increased by 16.53% and 14.86%, respectively, compared to the same period last year, while sales in construction decreased by 15.33%. Operating profit in IT services and transportation equipment and parts increased by 130.08% and 28.71%, respectively. In the electrical and electronics sector, operating profit decreased by 67.93%.
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