Operating profit of KOSDAQ-listed companies rose in the first quarter of this year from a year earlier. In particular, the improvement in results for the electronics and electrical sectors stood out.
On the 19th, the Korea Exchange (KRX) analyzed 1,595 KOSDAQ market corporations with December settlement of account, excluding those with delisting reasons, and found that their separate first-quarter sales came to 48 trillion won and operating profit to 2.6 trillion won. Those figures were up 8.49% and 26.92%, respectively, from a year earlier.
The debt ratio rose 1.7 percentage points (P) from a year earlier to 57.81%. Assets increased 3.2%, but liabilities grew 5.19%, outpacing the growth in assets.
Among KOSDAQ corporations, 978 companies (61.32%) posted a profit. That was up by 73 (8%) from a year earlier. Notably, 210 companies (13.16%) swung to a profit, and 768 (48.15%) were in the black both last year and this year. Companies that turned to a loss numbered 137, or 8.59%.
By industry, operating profit in the electrical and electronics sector jumped 86.49%, and medical precision instruments rose 57.95%, leading the results. The general services sector remained in the red.
On a consolidation basis, sales were 85 trillion won and operating profit was 4.12 trillion won. Those figures increased 21.72% and 78.17%, respectively, from a year earlier.
The debt ratio was 122.03%, up 9.23 percentage points (P) from a year earlier. Assets increased 6.69%, while liabilities rose 10.62%.
On a consolidation basis, corporations in the black numbered 752 (59.07%). Notably, all 187 that swung to a profit were in the electrical and electronics sector. A total of 521 (40.93%) recorded losses.