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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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[EQUITIES] LG Household & Health Care expected to post below target profit in Q3
By 김지현Published : Sept. 29, 2016 - 13:49
[THE INVESTOR] NH Securities said on Sept.29 that LG Household & Health Care’s profits would grow below market estimates due to its stringent sales policies.
The brokerage forecast LG to post a 22.6 percent growth in operating profit at 233.1 billion won (US$ 211.44 million), and sales to grow 15.1 percent to 1.59 trillion won in the third quarter of this year.
This is following the firm’s recent decision to strictly limit sales of its cosmetic products per customer at duty-free shops. The move was interpreted as aiming to raise the value of LG’s high-end cosmetics lineup.
The brokerage forecast LG to post a 22.6 percent growth in operating profit at 233.1 billion won (US$ 211.44 million), and sales to grow 15.1 percent to 1.59 trillion won in the third quarter of this year.
This is following the firm’s recent decision to strictly limit sales of its cosmetic products per customer at duty-free shops. The move was interpreted as aiming to raise the value of LG’s high-end cosmetics lineup.
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