[
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)
