[EQUITIES] Hyundai Securities forecasts record-breaking Q2 earnings for Hansol Chemical

[THE INVESTOR] Hyundai Securities has forecast that Hansol Chemical will post record-high earnings in the second quarter of this year.

Operating profit was projected to rise 56 percent on-year to 21.4 billion won (US$ 18.66 million), while sales will rise 15 percent to 1.05 billion won. 

Consequently, the quarterly operating profit rate was estimated to reach 20.1 percent, which was more than double the 9.4 percent average rate over the past five years, according to the brokerage.

The biggest driver behind the growth was an increase in demand from Samsung Electronics.

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