View of E-mart in downtown Seoul (photo = E-mart)

 

[Alpha Biz= Reporter Kim Jisun] IBK Investment & Securities expects E-Mart to exceed market expectations in the first quarter.

Regarding E-Mart's first-quarter earnings, IBK Investment & Securities predicted that "it does not expect a significant increase in operating profit, but it is likely to achieve earnings that exceed market expectations through company-wide efforts."

The company estimated consolidated sales of 7.417 trillion won and operating profit of 31.1 billion won.

IBK Investment & Securities cited as the basis for predicting earnings growth ▲ The effect of an increase in leap month and holiday business days ▲ Some consumers' acceptance of high inflation ▲ Improved profitability of the online business division ▲ Expectations to improve the performance of major business units due to efficient cost control.

Both discount stores and Traders pointed out that growth continues in the first quarter and that profit contributions from these business sectors are likely to expand.

IBK Investment & Securities said that E-Mart's strategy to overcome fundamentals is expected to maximize the effective reorganization of assets and the effect of purchasing integration.

IBK Investment & Securities maintained its investment opinion and target price of 'neutral' and 70,000 won.

 

 

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