[EQUITIES] NH Investment forecasts 27% rise in Lotte Chemical Q3 earnings

By 김지현
  • Published : Sept 27, 2016 - 17:15
  • Updated : Sept 27, 2016 - 17:15

[THE INVESTOR] NH Investment & Securities forecast Lotte Chemical will post solid third-quarter earnings, with operating profit rising 27 percent to 616 billion won (US$556.18 million).

“A fall in the exchange rate of the Korean won to the US dollar will force the bottom line figure to fall below market estimates, but profit will still rise considerably,” the brokerage said on Sept.27.

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