December Fiscal Year-End KOSPI Listed Companies Made Big Profits in H1... Operating Profit and Net Profit Up 119% and 246%

Consolidated KOSPI Listed Companies Report Operating Profit of 91 Trillion KRW and Net Profit of 85 Trillion KRW in H1
Sales Exceed 1000 Trillion KRW for the First Time in H1
Excluding Construction, Sales Increased in All 16 Sectors...Medical Precision and Steel Metals Up

[Asia Economy Reporter Lee Seon-ae] According to the data for listed companies with December fiscal year-end in the KOSPI market (686 individual companies, 587 consolidated companies), sales (individual 14.55%, consolidated 17.46%), operating profit (individual 69.09%, consolidated 118.86%), and net profit (individual 89.91%, consolidated 245.50%) all showed significant increases compared to the same period last year. Sales exceeded 1,000 trillion KRW for the first time in the first half of the year, marking the highest first-half performance ever recorded.

According to the first-half 2020 financial results of December fiscal year-end corporations in the KOSPI market announced by the Korea Exchange on the 19th, individual sales amounted to 620.8775 trillion KRW, a 14.55% increase from 542.0306 trillion KRW in the first half of 2020. Operating profit was 5.075 trillion KRW, up 69.09% from 2.96148 trillion KRW in the first half of 2020. Net profit recorded 4.8128 trillion KRW, an 89.91% increase from 2.5342 trillion KRW in the first half of 2020. Operating profit margin and net profit margin both increased compared to the same period last year, standing at 8.07% and 7.75%, respectively.

Even excluding Samsung Electronics, the largest company by market capitalization in the KOSPI market (accounting for 14.63% of sales), the sales of listed companies increased by 14.23%, and operating profit and net profit also rose significantly by 72.84% and 76.55%, respectively, compared to the previous year.

On a consolidated basis, sales reached 1,080.5835 trillion KRW, a 17.46% increase from 919.955 trillion KRW in the first half of 2020. This marks the first time sales exceeded 1,000 trillion KRW in the first half of the year.

Operating profit was 9.1319 trillion KRW, up 118.86% from 4.15946 trillion KRW. Net profit increased by 245.50% to 8.51344 trillion KRW from 2.46404 trillion KRW. Operating profit margin and net profit margin both rose compared to the same period last year, at 8.42% and 7.88%, respectively.

Even excluding Samsung Electronics (accounting for 11.94% of sales), sales (17.23%), operating profit (155.85%), and net profit (381.37%) of listed companies all showed significant growth.

The debt ratio of KOSPI-listed companies in the first half stood at 114.14% on a consolidated basis, down 2.33 percentage points from the end of 2020.

By industry, sales increased in all 17 sectors except construction (-4.05%). On an individual basis, industries with sales growth included Medical Precision (316.05%), Steel & Metals (28.83%), Transportation & Warehousing (20.88%), Electrical & Electronics (19.20%), Chemicals (18.11%), Transportation Equipment (16.60%), Non-metallic Minerals (15.43%), Distribution (14.02%), Machinery (10.78%), Textile & Apparel (8.89%), Paper & Wood (8.30%), Services (7.63%), Pharmaceuticals (5.90%), Food & Beverages (4.85%), Telecommunications (3.145%), and Electricity & Gas (1.65%).

On an individual basis, 14 industries including Medical Precision and Steel & Metals saw net profit increases in the first half, while three industries including Food & Beverages experienced net profit declines.

On a consolidated basis, sales increased in 16 industries including Medical Precision and Steel & Metals, while sales slightly decreased in one industry, Construction. The industries with sales growth were Medical Precision (275.01%), Steel & Metals (24.89%), Chemicals (23.94%), Electrical & Electronics (23.35%), Machinery (21.42%), Transportation Equipment (20.78%), Transportation & Warehousing (20.21%), Distribution (18.26%), Non-metallic Minerals (12.69%), Services (11.40%), Textile & Apparel (8.43%), Paper & Wood (7.03%), Pharmaceuticals (6.55%), Food & Beverages (6.38%), Telecommunications (4.04%), and Electricity & Gas (2.03%). The declining industry was Construction (-2.36%).

On a consolidated basis, net profit increased in 14 industries including Chemicals and Services, while net profit decreased in three industries including Electricity & Gas and Food & Beverages.

Regarding financial industry performance, on a consolidated basis, operating profit and net profit of the financial sector (42 out of 48 companies) in the first half increased by 58.38% and 62.02%, respectively, compared to the same period last year. Six companies submitting individual financial statements out of the total 48 were excluded. Performance improvements were seen across the financial sector including Securities (operating profit 138.54%, net profit 140.02%), Insurance (operating profit 54.16%, net profit 60.03%), and Financial Holdings (operating profit 46.32%, net profit 50.04%). However, operating profit (-5.99%) and net profit (-6.57%) in the second quarter decreased compared to the first quarter.

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