In the first quarter of this year, the revenues and operating profits of corporations listed on the KOSDAQ market showed significant improvement compared to the previous year. Even excluding Samsung Electronics, which has the largest market capitalization, revenues, operating profits, and net profits all increased.
In contrast, for listed companies on the KOSDAQ market, revenues increased by more than 4% year-on-year on a consolidation basis in the first quarter, but operating profits and net profits decreased by 2% and 27%, respectively.
On the 19th, the Korea Exchange analyzed the consolidated financial statements of 734 KOSPI listed companies with a settlement of account in December, revealing that the total revenue for the first quarter reached 759 trillion 171.2 billion won, up 6.65% from the previous year (711 trillion 836.9 billion won).
Operating profit (56 trillion 995.7 billion won) increased by 23.47% compared to the previous year (46 trillion 162.2 billion won). Net profit recorded a surge of 41.79% year-on-year, amounting to 51 trillion 527.9 billion won.
Even excluding Samsung Electronics, revenues and operating profits increased by 6.27% and 27.19%, respectively, on a consolidation basis. Net profit increased by 46.37%.
In the case of corporations with net profits in the black for the first quarter, the number slightly decreased from 606 (82.56%) in the first quarter of last year to 585 (79.70%). Losing corporations increased from 128 (17.44%) to 149 (20.30%).
By sector, operating profits increased in nine sectors, including electric and electronic, pharmaceuticals, and transport equipment, while 11 sectors, including non-metallic and metal, saw declines.
In the financial sector, operating profit on a consolidation basis recorded 14 trillion 588.2 billion won, a decrease of 6.17% year-on-year, but net profit (11 trillion 380.7 billion won) increased by 4.21%, showing a slight improvement. However, in the insurance sector, both operating profit and net profit decreased by 13.95% and 15.49%, respectively.
The consolidated revenues for 1,212 KOSDAQ listed companies in the first quarter of this year amounted to 67 trillion 801.3 billion won, an increase of 4.36% compared to the previous year. In contrast, operating profit (2 trillion 242 billion won) and net profit (1 trillion 562.5 billion won) decreased by 2.36% and 26.78%, respectively, compared to the same period last year.
For corporations with net profits in the black for the first quarter, the number decreased from 937 (60.80%) in the first quarter of last year to 867 (56.26%). Losing corporations slightly increased from 604 (39.20%) to 674 (43.74%).
In the KOSDAQ market, the performance growth of the pharmaceutical sector was steep. Revenues in the pharmaceutical sector increased by 11.9% year-on-year to 2 trillion 631.2 billion won, while operating profit surged by 5204.3% to record 915 million won. The operating profits of the information technology (IT) service and transport equipment sectors also significantly increased by 130.1% and 28.7%, respectively.
For companies included in the KOSDAQ 150, revenues, operating profits, and net profits improved by 1.3%, 18.5%, and 30.4%, respectively, compared to the previous year. On a consolidation basis, revenues and net profits also increased by 3.9% and 38.4%, respectively.