[EQUITIES] NH Securities forecasts increased Q3 profit for CJ CheilJedang

[THE INVESTOR] NH Investment & Securities said on Sept. 7 that CJ CheilJedang’s third-quarter operating profit would rise significantly on improved performance in food-related businesses and stabilized finances.

The brokerage forecast operating profit to rise 11.4 percent to 247.8 billion won (US$221.7 million), and its sales to rise 17.6 percent to 3.95 trillion won in the third quarter on a consolidated basis.

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