Hanwha reported a drop in sales but a rise in profit.
Shinsegae Department Store’s net profit dropped 98.3 percent on year in the third quarter, as nationwide social distancing affected sales.
Hanwha Systems, provider of IT infrastructure, electronics and aerospace technology for defense, reported a net profit increase of 47.8 percent on year to 31.33 billion won ($28 million) during the the third quarter.
Despite continuing travel restrictions, Korean Air Lines managed to turn a profit in the second quarter thanks to cargo revenues, which skyrocketed more than 90 percent on year.
Bucking analyst projections, Hyundai Steel reported 14 billion won ($11.67 million) in operating profit in the second quarter, despite decreased sales.
The second-quarter operating profit for major local travel agencies is projected to drop more than 70 percent compared to the same period last year, according to data from market tracker FnGuide, Monday.
Lotte Shopping announced a net loss of 43.33 billion won ($35.3 million) in the first quarter, down sharply from a 109 billion won net profit during the same period last year.
Telecommunication service providers managed to post better-than-expected profits in the first quarter, buoyed by a jump in the number of subscribers for 5G wireless connectivity and internet protocol television (IPTV) business.
Emart’s on-year operating profit declined more than 30 percent in the first quarter on sales that increased on the performance of big-box store Traders and the affordable No Brand specialty stores.
Toss finally reported its first profit on a monthly basis in April, five years after it started as a peer-to-peer money transfer app.But it declined to say how much it made.