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Annual operating profit exceeded 1tn won for the first time
January 24, 2019 – In 4Q 2018, LG Household & Health Care, Ltd. (CEO: Suk Cha) delivered the highest 4Q results. The Company reported 1.7tr won in sales (+14.2% yoy), 211bn won in operating profit (+13.9% yoy) and net profit increased to 101bn won (+23.5% yoy).
Sales has increased for fifty-three quarters since 3Q 2005, and operating profit has increased for fifty-five quarters since 1Q 2005, delivering growth for fourteen consecutive years.
Despite the volatility in the cosmetics market, cosmetics sales, led by luxury division, continued to grow, achieving 1tn won quarterly sales for the first time. 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.
FY 2018 Sales increased 10.5% yoy to 6.7tn won, operating profit increased 11.7% yoy to 1tn won, net income increased 12.0% yoy to 692 bn won.