Korean Companies Lift Q1 Sales 13.5% as Profitability Ratio Doubles to 13.2%
Updated
Updated · 코리아타임스 · Jun 23
Korean Companies Lift Q1 Sales 13.5% as Profitability Ratio Doubles to 13.2%
1 articles · Updated · 코리아타임스 · Jun 23
Summary
Korean companies posted a 13.5% quarter-on-quarter sales jump in January-March, sharply faster than the previous quarter’s 2.5% gain, Bank of Korea data showed.
Manufacturing drove the rebound: sales rose 21.1% after 4.7% growth, led by semiconductors and electronics, visuals and communication equipment.
Non-manufacturing sales increased 3.7%, reversing a 0.3% decline, with transportation and other service industries supporting the improvement.
Profitability strengthened alongside revenue, with the operating profit-to-sales ratio climbing to 13.2% from 6.6%, while the average debt-to-equity ratio edged down to 87% from 88.9%.