Listed firms witness sales surge, but falling profits last year
SEOUL, May 28 (Yonhap) -- South Korea's major listed companies witnessed a sales increase last year from a year earlier, but fell short of reaping more profits than the previous year, data showed Monday. Sales per capita by 649 listed firms rose 11.7 percent to 1,679 million won (US$1.4 million) in the fiscal year 2011 from a year earlier, according to the Korea Listed Companies Association (KLCA). Their operating profit per capita fell 3.98 percent to 115 million won during the same Read more [...]