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[EQUITIES] NH Investment forecasts 10% increase in Samsung SDS’ annual profit
By Korea HeraldPublished : July 29, 2016 - 16:23
[THE INVESTOR] Samsung SDS is expected to manifest solid earnings in the latter half of the year, said NH Investment & Securities on July 29.
For the entire year, Samsung SDS was forecast to post a 10 percent on-year increase in operating profit to 648.2 billion won (US$574.63 million), while sales will rise 4 percent to 8.19 trillion won.
The brokerage also said that the planned split-off of the firm’s logistic business and an overall restructuring in its corporate governance including M&As would ultimately have a positive effect on the share price.
In the second quarter, Samsung SDS recorded an operating profit of 168.4 billion won, up 3 percent from the same period in 2015. Sales rose 5 percent to 2.52 trillion won. The figures exceeded market estimates.
By Kim Ji-hyun (jemmie@heraldcorp.com)
For the entire year, Samsung SDS was forecast to post a 10 percent on-year increase in operating profit to 648.2 billion won (US$574.63 million), while sales will rise 4 percent to 8.19 trillion won.
The brokerage also said that the planned split-off of the firm’s logistic business and an overall restructuring in its corporate governance including M&As would ultimately have a positive effect on the share price.
In the second quarter, Samsung SDS recorded an operating profit of 168.4 billion won, up 3 percent from the same period in 2015. Sales rose 5 percent to 2.52 trillion won. The figures exceeded market estimates.
By Kim Ji-hyun (jemmie@heraldcorp.com)
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Articles by Korea Herald
