[EQUITIES] Dongbu Securities puts LG Chem’s Q3 operating profit at W518b

[THE INVESTOR] Dongbu Securities on July 22 said it expects LG Chem ’s third quarter operating profit to fall from the second quarter to 517.6 billion won (US$455.84 million).

Seasonal factors were cited as the biggest reason, but the brokerage also said the chemicals maker would maintain its growth momentum.

In the second quarter of the year, LG Chem posted 615.8 billion won of operating profit, up 9.3 percent on-year. The figure was also higher than the market consensus of 574.3 billion won.

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