(MENAFN- Qatar News Agency) Earnings by South Korea's listed companies fell nearly 4.4 percent in 2013 from a year earlier amid the global economic slowdown, data showed Tuesday.
The combined net profit of 494 firms listed on the main bourse came to 1,813 trillion won (US$1.71 trillion) on a consolidated basis last year, up 1.84 percent from 1,780 trillion won a year earlier, and their operating income advanced 3.4 percent on-year to reach 60.4 trillion won, according to data compiled by the Korea Exchange (KRX).
Consolidated financial statements reflect all assets, liabilities and operating accounts of a parent company and its subsidiaries. The firms close their books on Dec. 31. Their combined net profit dropped to 61.7 trillion won last year from 64.6 trillion won a year earlier, while the combined operating income gained 4.85 percent to reach 100 trillion won over the cited period, the bourse operator said.
The rate of operating income to sales, a key gauge of corporate profitability, rose to 5.57 percent last year, compared with 5.41 percent tallied a year earlier, according to the data. The firms' combined assets came at 2,024 trillion won as of the end of 2013, up 5.39 percent from 2012. Their debts also increased 3.36 percent to 1,157 trillion won, South Korea's News (Yonhap) reported.
The KRX said 629 firms listed on the country's tech-heavy Kosdaq market saw their consolidated net profit rise 1.51 percent on-year to 3.15 trillion won last year. The companies listed on the secondary market saw their sales increase 9.9 percent on-year to 119 trillion won last year, and their operating profit gained 2.33 percent to 5.98 trillion won over the cited period, according to the data
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