[EQUITIES] Mirae Asset forecasts improved earnings for LG Hausys in H2

[THE INVESTOR] Mirae Asset Securities on July 13 issued a report saying it expects construction materials producer LG Hausys’ earnings to improve in the latter half of this year.

During the second quarter, the firm’s sales and operating profit was estimated at 755.6 billion won (US$656.54 million) and 50.9 billion won, respectively. The figures are in line with market consensus. 

The report said a B2B construction materials market expansion this year is expected to continue bolstering the firm’s growth in the latter half of the year.

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