August 20, 2021 13:29
Companies listed on the Korean Composite Stock Price Index posted record sales, operating and net profits in the first half of this year.
Their sales exceeded W1 quadrillion for the first time, and Samsung Electronics accounted for a staggering 11.9 percent (US$1=W1,176). Their net profits surpassed W85 trillion, a whopping 3.5 times as high as the same period last year.
According to Korea Exchange on Thursday, the sales of 587 KOSPI-listed companies that filed their business reports stood at W1.08 quadrillion in the first six months, up 17.5 percent on-year.
That meant they earned W91 trillion in operating profits, up 2.2 times, and W85.1 trillion in net profits, up 3.5 times.
Even without counting Samsung Electronics, their operating profits increased 155.9 percent and net profits a staggering 381.4 percent. Some 489 companies posted profits, up 70 from a year earlier.
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