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] LG Household & Health Care expected to post below target profit in Q3
By 김지현Published : Sept. 29, 2016 - 13:49
[THE INVESTOR] NH Securities said on Sept.29 that LG Household & Health Care’s profits would grow below market estimates due to its stringent sales policies.
The brokerage forecast LG to post a 22.6 percent growth in operating profit at 233.1 billion won (US$ 211.44 million), and sales to grow 15.1 percent to 1.59 trillion won in the third quarter of this year.
This is following the firm’s recent decision to strictly limit sales of its cosmetic products per customer at duty-free shops. The move was interpreted as aiming to raise the value of LG’s high-end cosmetics lineup.
The brokerage forecast LG to post a 22.6 percent growth in operating profit at 233.1 billion won (US$ 211.44 million), and sales to grow 15.1 percent to 1.59 trillion won in the third quarter of this year.
This is following the firm’s recent decision to strictly limit sales of its cosmetic products per customer at duty-free shops. The move was interpreted as aiming to raise the value of LG’s high-end cosmetics lineup.
