[Alpha Biz= Reporter Kim Jisun] Hana Securities predicted on the 18th that its first-quarter operating profit will improve significantly compared to the same period last year.
Hana Securities expects the target's consolidated sales to reach 1.272 trillion won and operating profit to reach 42.1 billion won, up 3.8 percent and 69.2 percent, respectively, from a year earlier.
"In addition to the base effect, consolidated profit is expected to improve significantly year-on-year due to improved performance of its bio and consolidated subsidiary PT Indonesia," Hana Securities explained.
Specifically, sales in the food sector will rise 7 percent on-year on the back of demand for futures sets and overall recovery in volume, while the material sector expects the lysine deficit to be greatly reduced amid the continued solid profit contribution of the starch party as the cost burden of corn input has eased, leading to a break-even point (BEP) or a surplus.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
