[EQUITIES]Low real estate transactions dent Hanssem’s Q2 earnings
Jul 18, 2016
[THE INVESTOR] Hanssem, South Korea’ s No. 1 furniture maker, failed to meet profit and revenue expectations in the second quarter, a local brokerage firm Mirae Asset Securities said on July 18. “Hanssem posted 435.1 billion won (US$382.81 million) in sales and 30.2 billion won in operation profit which lagged far behind market expectations,” said Lee Gwang-soo, an analyst at Mirae Asset Securities. The biggest reason for the lackluster performance is dropped sales in kitchen interior items whic