[EQUITIES] Hana Investment forecasts AmorePacific’s Q2 earnings to rise

[THE INVESTOR] Hana Financial Investment forecast cosmetics maker AmorePacific’s second quarter sales and operating profit to rise 19.5 percent and 23.6 percent on-year, to 1.42 trillion won (US$ 1.23 billion) and 257 billion won, respectively.

In the latter half of the year, Hana expects operating profit to climb 50 percent or more from the same period in 2015.

However, the brokerage report added that there was a possibility of some uncertainties arising from China in the aftermath of the THAAD deal between the US and South Korea.

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