’s operating profit in the first quarter on a standalone basis will come in at 307.9 billion won (US$273.08 million), up 7.2 percent from the same period last year, but on a consolidated basis will miss the market expectations at 390.7 billion won, said Meritz Securities on April 5.
BC Cards’ business has been sharply affected by the THAAD row, said analyst Jeong Ji-su, adding that as there is no certain ways to improve the situation, and second-quarter earnings will be affected.
The analyst maintained a “buy” recommendation and 40,000-won target price, though, saying that the average revenue per user is on the rise as the number of subscribers to GiGA internet service is increasing. The IPTV division has reached a break-even point for the first time since its launch in 2009.
By Hwang You-mee (email@example.com