SEOUL, May 19 (Xinhua) -- Earnings of South Korea's listed companies surged in triple digits in the first quarter due to a boom in semiconductor exports, Yonhap news agency said Tuesday, citing data from the Korea Exchange.
Consolidated operating profit for 639 KOSPI-listed companies reached 156.32 trillion won (about 103.7 billion U.S. dollars) in the January-March quarter, up 175.83 percent compared to the same quarter of last year.
Their total revenue gained 19.49 percent to 927.54 trillion won, and net income skyrocketed 177.82 percent to 141.44 trillion won.
Profitability improved significantly, with the operating profit margin climbing 9.55 percentage points to 16.85 percent and the net profit margin going up 8.69 percentage points to 15.25 percent.
The combined revenue of the country's memory chip giants Samsung Electronics and SK hynix accounted for 20.1 percent of total revenue in the first quarter.
The two tech giants made up 60.7 percent of the total operating profit and 61.9 percent of the total net income.
Excluding the two companies, the revenue, operating profit and net income of the remaining listed firms expanded 9.07 percent, 44.49 percent and 55.79 percent each in the first quarter on a yearly basis.
Fifteen out of 20 industries posted revenue growth, with the electrical and electronics, and the medical and precision instruments sectors recording a double-digit increase in the first-quarter revenue.
Revenue declined in double figures in the construction and real estate industries. Enditem
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