All numbers up - LG Household & Health Care

 26-Apr-16, Business Korea

LG Household & Health Care reports record high sales and operating profit in the first quarter of 2016. Net sales of 1.5 trillion won and operating profit of 234 billion won represent year-on-year growth rates of 16.7 percent and 30.9 percent, respectively.

Image: LG

LG Household & Health Care (CEO Suk Cha) reported 1.5 trillion won in sales (up 16.7 percent year-on-year), and 234 billion won in operating profit (up 30.9 percent year-on-year), which are historical highs. The results surpass the previous highest sales by 133 billion won and operating profit by 43 billion in Q3, 2015.

All three business units outperformed the market growth. For operating profit, all three business units grew more than double digit percentage year-over-year: Beauty (Cosmetics) 39.5 percent, Health (Household goods) 11.8 percent, and Refreshment (Beverage) 28.0 percent.

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