43 Top Companies Report 8.2% Lower Operating Profit from 2Q 2012

SEOUL, KOREA- During the second quarter, most large corporations suffered a negative growth in their sales revenue except a few companies specializing in smartphones and semiconductors.According to an analysis by the Korea Economic Daily on 45 publicly listed companies affiliated with top-20 business groups, their aggregate sales revenue for the second quarter was 242,205.7 billion won, up 4.4 percent from a year ago. Their operating profit rose 19.4 percent to 20,347.8 billion won.

Given the companies' fourth-quarter 2012 operating profit had been down 2.0 percent from a year ago, the latest quarter's performance is welcome news for the companies. Their average operating profit ratio has also risen 8.4 percent this quarter from 7.3 percent from the same quarter in 2012.

But the problem is that most of the companies saw their operating profit shrink except a small number of high performers including Samsung Electronics and SK Hynix. Except these two, the quarterly operating profit of 43 companies was 9,703.6 billion won, down 8.2 percent from the same period last year. Their operating profit ratio has also declined to 5.36 percent from 5.81 percent.

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