Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[EQUITIES] Hotel Shilla’s operating profit to reach W21.2b in Q2
By Korea HeraldPublished : July 14, 2016 - 16:07
[THE INVESTOR] Mirae Asset Daewoo Securities forecast Hotel Shilla will post a 28.2 percent on-year increase in operating profit in the second quarter, and a 13.1 percent climb in sales.
On a consolidated basis, the brokerage said operating profit would reach 21.1 billion won (US$18.4 million), while sales stand at 955.4 billion won.
Mirae Asset Daewoo said that the Samsung affiliate was likely to continue growing this year despite higher commission expenses and an operating loss from Shilla’s duty-free shop in Singapore’s Changi Airport.
This is mainly because sales had fallen significantly in 2015 on the back of MERS outbreak, Mirae Asset Daewoo said.
By Kim Ji-hyun (jemmie@heraldcorp.com)
On a consolidated basis, the brokerage said operating profit would reach 21.1 billion won (US$18.4 million), while sales stand at 955.4 billion won.
Mirae Asset Daewoo said that the Samsung affiliate was likely to continue growing this year despite higher commission expenses and an operating loss from Shilla’s duty-free shop in Singapore’s Changi Airport.
This is mainly because sales had fallen significantly in 2015 on the back of MERS outbreak, Mirae Asset Daewoo said.
By Kim Ji-hyun (jemmie@heraldcorp.com)
-
Articles by Korea Herald
