Most Popular

1
Torrential rainfall forces 1,500 to evacuate, causes widespread damage to homes, roads
2
[KH Explains] Can smart chargers ease tensions over EV fires?
3
1 in 5 households to have breadwinner over 80 in 30 years
4
[Online Predators] Online reviews of sex tourism in Southeast Asia proliferate
5
Assembly to review disputed appointment of national soccer team coach

6
New Fifty Fifty off to strong start
7
Arrival of fall calls for more outdoor festivals
8
Evicted guest burns down inn; 3 killed
9
[Herald Interview] US election may unleash growth for Korea: Laffer
10
[Herald Review] 'Culinary Class Wars': fresh, creative survival show minus the drama

NewsletterSubscribe

Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

[EQUITIES] Kyobo Securities forecasts LG Corp.’s Q2 revenues to beat market estimates

By Korea Herald

Published : July 26, 2016 - 10:00

- Link copied

[THE INVESTOR] Kyobo Securities said LG Corp. the holding company of LG Group is expected to post a second-quarter operating profit of 383 billion won (US$336.61 million), which is 12 percent higher compared to the same period in 2015.

Sales were forecast to reach 2.58 trillion won, up 7.2 percent on-year. Both figures are higher than the current market consensus.

Kyobo said the higher-than-expected revenues would stem from improved earnings from key affiliates such as LG Electronics and LG Chem.

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

Korea Herald
Korea Herald
Articles by Korea Herald

[EQUITIES] Kyobo Securities forecasts LG Corp.’s Q2 revenues to beat market estimates

More from Headlines