Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
지나쌤

Kakao hits yearly high on Q4 earnings hope

By Yonhap

Published : Jan. 9, 2020 - 11:29

    • Link copied

Shares of Kakao Corp., the operator of South Korea's largest messaging app, Kakao Talk, climbed to a yearly high on the Seoul bourse Thursday, helped by a rosy quarterly earnings outlook.

Kakao stocks closed at 164,000 won ($141.56), up 2.82 percent from the previous session's close.

The tech firm's stock rally came amid high hopes for the firm's earnings last year.


Kakao Kakao

NH Investment & Securities estimated Kakao's quarterly sales to grow 26.4 percent to 85.1 billion won in the October-December period from a year ago, with its operating profit to gain 1,539.1 percent on-year to 70.4 billion won.

Samsung Securities also said that Kakao's operating profit will continue to grow through 2020.

"Kakao's performance is strongly backed by its high-margin portfolios, such as advertisement, mobile gift sending, gaming and music businesses," the brokerage said, estimating Kakao's operating profit to reach 67.7 billion won in the fourth quarter of 2019.

During the third quarter of last year, Kakao's sales hiked 31 percent to a quarterly record of 783.2 billion won, and its operating profit shot up 93 percent on-year to a quarterly record of 27.7 billion won.

During the same period, the firm's net profit skyrocketed to 51.1 billion won, nearly six times higher than a year earlier.

More from Headlines