Hanwha Corporation, the de facto holding company of Hanwha Group, saw its consolidated net profit soar more than 80 percent on-year on decreased sales in the second quarter.
The world's largest container vessel stood in a rainy shipyard in Geoje, South Gyeongsang, on Aug. 12.
GS Retail saw net profits decline almost 40 percent on year in the second quarter. Sales declined more than 4 percent in the same period.
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.
Despite a range of promotions to try and drum up business, Lotte Shopping reported a significant net loss in the second quarter with sales decreasing as consumer sentiment took a hit due to the coronavirus pandemic.
Jeju Air reported a devastating second quarter performance, with its on-year net profit plummeting almost 200 percent.
Amorepacific Group’s profit plummeted in the second quarter as sales at offline stores, including duty-free shops, suffered as a result of the pandemic.
Doosan Solus reported an operating profit ahead of its acquisition by an investment group.
Bucking analyst projections, Hyundai Steel reported 14 billion won ($11.67 million) in operating profit in the second quarter, despite decreased sales.
Korean Airlines seems to be moving back to profitability as its cargo business does well and helps balance the loss of passenger traffic.