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NET PROFIT FOR SOUTH KOREAN LISTED FIRMS FORECAST TO IMPROVE.

AsiaPulse News

| June 08, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, June 8 Asia Pulse - South Korea's listed companies' net income is expected to rise sharply in the second quarter thanks to the local currency's appreciation, an online financial information provider said Sunday.

The combined net profit of the nation's 111 listed companies by market value, excluding financial firms, is forecast to triple to 8.74 trillion won (US$7 billion) in the second quarter, compared with 2.73 trillion won three months earlier, according to Fn Guide.

Their total sales were predicted to advance 4.2 per cent on-quarter to 16 billion won during the same period, it said.

Operating profits are likely to gain a combined 68.3 per cent to 9.8 trillion won in the April-June ...

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Source: HighBeam Research, NET PROFIT FOR SOUTH KOREAN LISTED FIRMS FORECAST TO IMPROVE.

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