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[EQUITIES] Yuanta Securities forecasts Kolon Industries’ earnings to double in 2016
By Korea HeraldPublished : July 12, 2016 - 11:33
[THE INVESTOR] Yuanta Securities forecast that industrial materials maker Kolon Industries’ earnings would double this year on eased legal woes.
The brokerage said this year’s operating profit would reach 336 billion won (US$ 291.81 million), up from the 168.8 billion posted in 2014.
“Kolon Industries had seen its corporate value deteriorate from 2012 to 2015 due to a lengthy legal battle with US-based Dupon, but the situation is now over,” the report said.
Kolon settled the case in May 2015.
Kolon Industries is a part of Kolon Group, which holds a 32 percent stake in the firm.
By Kim Ji-hyun (jemmie@heraldcorp.com)
The brokerage said this year’s operating profit would reach 336 billion won (US$ 291.81 million), up from the 168.8 billion posted in 2014.
“Kolon Industries had seen its corporate value deteriorate from 2012 to 2015 due to a lengthy legal battle with US-based Dupon, but the situation is now over,” the report said.
Kolon settled the case in May 2015.
Kolon Industries is a part of Kolon Group, which holds a 32 percent stake in the firm.
By Kim Ji-hyun (jemmie@heraldcorp.com)
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