Organization: LG Innotek, First Quarter Profit May Exceed Expectations.

Minkyung Kim of Hana Securities stated that thanks to strong demand for smartphone camera modules and packaging substrates, LG Innotek's first quarter profits may exceed expectations. The analyst wrote in a report that the South Korea-based Apple supplier could benefit from strong smartphone sales by its customers in the January-March period, as well as the continued strengthening of the US dollar against the South Korean won. She added that with an increase in factory utilization rates and a decrease in depreciation costs, the packaging substrate business is also expected to improve significantly, narrowing losses. Hana forecasts that LG Innotek's first quarter operating profit will increase by 70% year-on-year, reaching 2.125 trillion South Korean won.