Annual Operating Profit Tops 1 Tril. Won for First Time

Chinese consumers listen as an official of LG Household & Health Care explains a product at a shop in Shanghai.

LG Household & Health Care Ltd. delivered the highest fourth-quarter results in 2018. The company reported 1.7 trillion won in sales, up 14.2 percent year on year, 211 billion won won in operating profit, up 13.9 percent from a year ago. Its net profit reached 101 billion won, up 23.5 percent year on year.

Sales has increased for 53 consecutive quarters since the third quarter of 2005, and operating profit has increased for 55 quarters in a row since the first quarter of 2005, delivering growth for 14 consecutive years.

Despite the volatility in the cosmetics market, cosmetics sales, led by the luxury division, continued to grow, achieving 1 trillion won in quarterly sales for the first time. The household business achieved growth in both sales and operating profit as a result of business restructuring. Refreshing sales and operating profit both increased due to steady performances of major brands and strong sales of new brands.

For the whole year of 2018, sales increased 10.5 percent year on year to 6.7 trillion won, operating profit rose 11.7 percent to 1 trillion won, net income recorded a 12 percent increase to mark 692 billion won.

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