Q1 Kospi Listed Companies Operating Profit 44.3893 Trillion Won... Up 131.7% YoY

Sales of 583.3459 trillion won, up 9%... 472 trillion won even excluding Samsung Electronics

[Asia Economy Reporter Lee Seon-ae] The first-quarter earnings of KOSPI-listed companies surged significantly this year. Operating profit more than doubled compared to last year.

The Korea Exchange announced on the 20th that, based on an analysis of the first-quarter earnings of KOSPI-listed companies with December fiscal year-end, consolidated sales reached KRW 538.3459 trillion, up 9.08% year-on-year. Operating profit rose 131.73% to KRW 44.3983 trillion, and net profit increased 361.04% to KRW 49.1074 trillion.

Excluding Samsung Electronics, which accounts for 12.15% of sales, sales still increased by 7.93% to KRW 472.9574 trillion. Operating profit and quarterly net profit rose 175.44% and 627.76% to KRW 35.0154 trillion and KRW 41.9657 trillion, respectively.

By industry, sales increased in 15 sectors including Medical Precision (37.68%). Other sectors with sales growth include Electrical and Electronics (21.53%), Machinery (12.70%), Steel and Metals (12.15%), Distribution (10.59%), Non-metallic Minerals (8.89%), Textile and Apparel (8.13%), Transportation Equipment (7.77%), Food and Beverage (5.93%), Chemicals (5.79%), Telecommunications (4.88%), Services (4.44%), Pharmaceuticals (4.40%), Paper and Wood (2.20%), and Transportation and Warehousing (2.17%).

Conversely, sales declined in two sectors: Paper and Wood (-2.20%) and Transportation and Warehousing (-2.17%).

Based on quarterly net profit, nine sectors including Services (3773.53%) saw an increase in net profit. Other sectors with net profit growth include Steel and Metals (308.52%), Transportation Equipment (97.20%), Distribution (86.40%), Telecommunications (62.03%), Electrical and Electronics (57.30%), Construction (14.71%), Electricity and Gas (10.80%), and Paper and Wood (1.82%).

On the other hand, three sectors?Medical Precision (-62.07%), Food and Beverage (-14.15%), and Pharmaceuticals (-11.36%)?experienced a decline in net profit. Four sectors?Machinery, Non-metallic Minerals, Textile and Apparel, and Chemicals?turned profitable. Transportation and Warehousing continued to post losses.

Among the 661 companies analyzed based on consolidated financial statements, 491 companies (82.80%) posted positive quarterly net profit, a 19.46% increase compared to 411 companies in the same period last year.

The operating profit and quarterly net profit of 42 financial companies improved by 89.25% and 95.01%, reaching KRW 13.6766 trillion and KRW 10.4165 trillion, respectively. The operating profit growth rate was higher in securities (461.43%) than in insurance (139.41%). The quarterly net profit growth rate was also higher in securities (467.06%) compared to insurance (156.58%).

This content was produced with the assistance of AI translation services.