[EQUITIES] Kyobo Securities forecasts LG Corp.’s Q2 revenues to beat market estimates

[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)