Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Industry experts predicts tough choices as NewJeans' ultimatum nears

    Industry experts predicts tough choices as NewJeans' ultimatum nears
  2. 2

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  3. 3

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  1. 6

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  2. 7

    [Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance

    [Herald Review] 'Gangnam B-Side' combines social realism with masterful suspense, performance
  3. 8

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  4. 9

    Prosecutors seek 5-year prison term for Samsung chief in merger retrial

    Prosecutors seek 5-year prison term for Samsung chief in merger retrial
  5. 10

    [More than APT] Changing the value of 'home'

    [More than APT] Changing the value of 'home'
지나쌤

[EQUITIES] NH Investment expects E-mart’s Q2 earnings to fall below estimates

By Korea Herald

Published : July 15, 2016 - 09:41

    • Link copied

[THE INVESTOR] NH Investment & Securities forecast local retailer E-mart will post earnings below market estimates in the second quarter.

On a consolidated basis, the Shinsegae Group affiliate’s sales were expected to rise 8 percent to 3.92 trillion won (US$3.41 billion), with operating profit rising 0.4 percent to 66 billion won. 


However, the figures fall below the market consensus of 70.9 billion won operating profit.

E-mart’s offline store growth fell 0.5 percent in the second quarter. One of the factors weighing on the performance was a decline in household goods on the back of a scandal involving toxic sterilizers.

By Kim Ji-hyun (jemmie@heraldcorp.com)

More from Headlines