Latest news with #LSEGSmartEstimate
CNA
30-04-2025
- Business
- CNA
SK Innovation sinks to Q1 operating loss, sees refining margins improving
SEOUL :SK Innovation Co Ltd, owner of South Korea's biggest oil refiner SK Energy, swung to an unexpected operating loss in the first quarter, but forecast refining margins would gradually recover this quarter amid higher driving season consumption. The company posted an operating loss of 45 billion won ($32 million) for January-March, versus a 625 billion won profit a year earlier. That compared with analysts' average forecast for a 393-billion-won profit, according to LSEG SmartEstimate. The firm sank to loss as profits declined quarter-on-quarter at its refining, oil exploration and production, and lubricants businesses. Losses also deepened at its petrochemical business and persisted at its battery business as the global economic slowdown continued, the company's earnings presentation showed. First-quarter revenue rose 12.2 per cent to 21.1 trillion won. Shares in SK Innovation closed down 2.5 per cent before the earnings announcement, versus the benchmark KOSPI's 0.3 per cent fall.
Time of India
24-04-2025
- Automotive
- Time of India
Hyundai Motor reports 2% rise in Q1 operating profit
Hyundai Motor reported a 2% rise in first-quarter operating profit on Thursday, meeting analysts' estimates , as customers accelerated purchases ahead of U.S. tariffs and as it also benefited from a weak South Korean won . Hyundai, which together with affiliate Kia is the world's third-biggest automaking group by sales, booked operating profit of 3.6 trillion won ($2.52 billion) for January to March, compared with 3.56 trillion won in the same period a year earlier. The result compared with a 3.5 trillion won LSEG SmartEstimate drawn from 17 analysts. The consensus estimate gives more weight to analysts who are more consistently accurate. ($1 = 1,429.6600 won)
Business Recorder
24-04-2025
- Automotive
- Business Recorder
Hyundai Motor books 2% rise in Q1 operating profit
SEOUL: Hyundai Motor reported a 2% rise in first-quarter operating profit on Thursday as it benefited from a weaker South Korean won and as US consumers frontloaded purchases ahead of tariffs. Hyundai, which together with affiliate Kia is the world's third-biggest automaking group by sales, booked operating profit of 3.6 trillion won ($2.52 billion) for January to March, compared with 3.56 trillion won in the same period a year earlier. The result was in line with a 3.5 trillion won LSEG SmartEstimate drawn from 17 analysts. South Korea's Hyundai, Posco agree to cooperate on US steel plant The consensus estimate gives more weight to analysts who are more consistently accurate. Hyundai and Kia, which have gained US market share since the pandemic, are particularly vulnerable to U.S tariffs. Together they generate about one third of their global sales from the US market and imports account for roughly two-thirds of US car sales, according to data from Korea Investment & Securities. Hyundai's shares were down 0.4% after earnings, in line with the wider market's 0.2% decline.
CNA
24-04-2025
- Automotive
- CNA
Hyundai Motor books 2% rise in Q1 operating profit
SEOUL :Hyundai Motor reported a 2 per cent rise in first-quarter operating profit on Thursday as it benefited from a weaker South Korean won and as U.S. consumers frontloaded purchases ahead of tariffs. Hyundai, which together with affiliate Kia is the world's third-biggest automaking group by sales, booked operating profit of 3.6 trillion won ($2.52 billion) for January to March, compared with 3.56 trillion won in the same period a year earlier. The result was in line with a 3.5 trillion won LSEG SmartEstimate drawn from 17 analysts. The consensus estimate gives more weight to analysts who are more consistently accurate. Hyundai and Kia, which have gained U.S. market share since the pandemic, are particularly vulnerable to U.S tariffs. Together they generate about one third of their global sales from the U.S. market and imports account for roughly two-thirds of U.S. car sales, according to data from Korea Investment & Securities. Hyundai's shares were down 0.4 per cent after earnings, in line with the wider market's 0.2 per cent decline. ($1 = 1,429.6600 won)
Reuters
24-04-2025
- Automotive
- Reuters
Hyundai Motor books 2% rise in Q1 operating profit
SEOUL, April 24 (Reuters) - Hyundai Motor ( opens new tab reported a 2% rise in first-quarter operating profit on Thursday as it benefited from a weaker South Korean won and as U.S. consumers frontloaded purchases ahead of tariffs. Hyundai, which together with affiliate Kia ( opens new tab is the world's third-biggest automaking group by sales, booked operating profit of 3.6 trillion won ($2.52 billion) for January to March, compared with 3.56 trillion won in the same period a year earlier. here. The result was in line with a 3.5 trillion won LSEG SmartEstimate drawn from 17 analysts. The consensus estimate gives more weight to analysts who are more consistently accurate. Hyundai and Kia, which have gained U.S. market share since the pandemic, are particularly vulnerable to U.S tariffs. Together they generate about one third of their global sales from the U.S. market and imports account for roughly two-thirds of U.S. car sales, according to data from Korea Investment & Securities. Hyundai's shares were down 0.4% after earnings, in line with the wider market's (.KS11), opens new tab 0.2% decline. ($1 = 1,429.6600 won)
