KOSDAQ December Fiscal Year-End Corporations' First Half Net Profit Up 157.73% YoY

Among 1,011 KOSDAQ Listed Companies, 670 Achieved Profitability

(Provided by Korea Exchange)

[Asia Economy Reporter Gong Byung-sun] The net profit of KOSDAQ companies with December fiscal year-end in the first half of this year increased by 157.73% compared to the same period last year. The number of companies that recorded a profit reached 670, accounting for 66.27% of the total.

On the 19th, the Korea Exchange announced this information by releasing the "KOSDAQ Market December Fiscal Year-End Companies 2021 First Half Financial Results." The analysis covered a total of 1,011 comparable companies out of 1,127 December fiscal year-end companies. 116 companies were excluded from the analysis due to reasons such as non-submission of reports, reasons for delisting, and foreign companies.

All major performance-related indicators showed significant improvement. Sales in the first half of this year amounted to KRW 107.9642 trillion, up 17.57% from the same period last year, operating profit was KRW 7.6358 trillion, up 54.21% during the same period, and net profit was KRW 6.8708 trillion, increasing by 157.73% over the same period.

The operating profit margin based on sales in the first half of this year was 7.07%, up 1.68 percentage points from the same period last year. The net profit margin based on sales also increased by 3.46 percentage points to 6.36% during the same period.

Sales in the second quarter of this year were KRW 57.142 trillion, up 12.43% from the previous quarter, operating profit was KRW 4.2837 trillion, up 27.79% during the same period, and net profit was KRW 3.5261 trillion, up 5.42% during the same period. The operating profit margin based on sales in the second quarter was 7.50%, up 0.90 percentage points from the previous quarter. However, the net profit margin based on sales decreased by 0.41 percentage points to 6.17% during the same period.

(Provided by Korea Exchange)

As of the end of June this year, the debt ratio recorded 109.11%, which is a decrease of 0.31 percentage points compared to the end of last year. At the same time, total assets amounted to KRW 313.349 trillion, total liabilities were KRW 163.4977 trillion, and total equity was KRW 149.8511 trillion, each increasing by 8.59%, 8.44%, and 8.75% respectively compared to the end of last year.

By industry, the IT sector's 368 companies saw their first half sales, operating profit, and net profit increase by 18.24%, 41.20%, and 111.05% respectively compared to the same period last year. The manufacturing sector's 452 companies recorded increases of 17.18%, 44.48%, and 192.39% in sales, operating profit, and net profit respectively during the same period. Other sectors excluding IT and manufacturing, consisting of 191 companies, also saw sales, operating profit, and net profit rise by 17.23%, 85.60%, and 210.17% respectively.

However, the construction sector's sales and operating profit in the first half of this year decreased by 6.87% and 12.82% respectively compared to the same period last year. The agricultural and forestry sector's operating profit and net profit also declined by 32.22% and 24.33% respectively during the same period.

(Provided by Korea Exchange)

The number of companies recording profits increased compared to last year. Among 1,011 companies, 670 recorded profits while 341 posted losses. In terms of ratio, 66.27% of the total showed profits, and 33.73% showed losses.

513 companies maintained profits as in the first half of last year. 157 companies switched from losses in the first half of last year to profits in the first half of this year. Among the companies that recorded losses, 248 continued to post losses from the first half of last year. 93 companies switched from profits to losses.

An official from the Korea Exchange explained, "Due to the clear recovery of the global economy, exports in the first half of this year reached $303.24 billion (approximately KRW 356.3676 trillion), marking an all-time high," adding, "Thanks to the export boom and other factors, the performance of KOSDAQ-listed companies has greatly improved."

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