Strong First-Quarter Earnings for Listed Firms Even Without Samsung and SK hynix

KOSPI-Listed Companies’ Q1 Operating Profit Surges Over 100%

Growth Exceeds 40% Even Without Samsung Electronics and SK hynix

In the first quarter, the earnings of domestic listed companies showed significant improvement compared to last year.

According to the Korea Exchange on May 19, KOSPI-listed companies with December fiscal year-ends recorded sharp year-on-year increases in consolidated sales (up 19.5%), operating profit (up 175.8%), and net profit (up 177.8%) for the first quarter of this year.

Even when excluding Samsung Electronics and SK hynix, sales (up 9.07%), operating profit (up 44.5%), and net profit (up 55.8%) all registered growth.

By industry, 15 out of 20 sectors on an individual basis saw increased sales. Growth was particularly notable in electrical and electronics (sales: up 81.38%, net profit: up 457.07%) and medical and precision equipment (sales: up 24.80%, net profit: up 159.02%).

On a consolidated basis, the financial sector’s operating profit (up 30.5%) and net profit (up 28.8%) also surged year-on-year. In particular, the securities industry recorded triple-digit growth in operating profit (up 141.2%).

KOSDAQ-listed companies also posted remarkable improvements. KOSDAQ-listed companies with December fiscal year-ends recorded sharp year-on-year increases in consolidated sales (up 21.7%), operating profit (up 78.2%), and net profit (up 171.2%) for the first quarter of this year.

By sector, individual sales increased in 15 sectors including telecommunications (up 70.2%) and distribution (up 36.4%), while operating profit grew in 14 sectors including metals (up 45.0%) and electrical and electronics (up 86.5%).

For KOSDAQ 150 constituent companies, individual sales and operating profit increased by 9.2% and 20.1%, respectively. On a consolidated basis, these figures rose by 44.8% and 53.2%, respectively.

Out of 1,595 companies on an individual basis, 978 companies (61.32%) posted net profit surpluses, while 617 companies (38.68%) posted net losses. On a consolidated basis, 752 companies (59.07%) recorded profits, while 521 companies (40.93%) recorded losses.

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