At biggest companies, 2010 profits jump 64%

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At biggest companies, 2010 profits jump 64%

Korea’s 500 largest firms saw their net profits jump 64 percent in 2010 over the previous year, with Samsung Electronics Co., Hyundai Motor Co. and SK C&C Co. leading the climb, data showed yesterday.

The combined net profit of the top 500 local firms soared 64 percent on-year to 104.9 trillion won ($89.5 billion), while their revenue increased 9.2 percent from a year ago to 2,452 trillion won, according to the data released by Fortune Korea and Seoul National University.

Samsung Electronics, the world’s leading memory-chip maker, topped the list for the second straight year with revenue of 154.6 trillion won, followed by Hyundai Motor with 112.6 trillion won, the data showed.

SK C&C and SK Holdings Co., the de facto holding companies of business conglomerate SK, came next with 91.2 trillion won and 90.7 trillion won, respectively.

The steelmaker Posco ranked fifth with 60.6 trillion won.

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