(MENAFN- QNA) More than half of South Korean information technology (IT) companies are expected to post gains in operating profit in the third quarter compared to a year earlier, a report by a local market researcher said Sunday.
The findings, based on an assessment of 44 listed firms on the benchmark KOSPI and tech-heavy KOSDAQ markets by FN Guide, showed 23 likely to post better profits in the July-September period than the same period a year earlier.
In contrast, 16 are predicted to experience drops in profit, with two likely to post losses, South Korea's News Agency (Yonhap) reported.
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