LG H&H reports 1.8tr won in Sales, 158bn won in Operating Profit
In 2Q 2023, LG H&H Co., Ltd. (The Company) reported 1.8tr won in sales (-3.0% yoy), 158bn won in operating profit (-27.1% yoy). The Company sales decreased mainly due to Beauty’s 8% yoy decline, while HDB and Refreshment sales grew slightly yoy. Operating profit for the Company decreased due to persistent cost pressure and expenses related to reorganization and efficiency of domestic and US business. ■ 2Q 2023 Results by Business Segment ▲ Beauty business 2Q 2023 sales decreased 8.5% yoy to 781bn won and operating profit decreased 24.9% yoy to 70bn won. Despite positive growth in domestic
- Huh Kang Woo Reporter
- 2023-07-28 15:57