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July 25, 2017 – In 1H 2017, LG Household & Health Care, Ltd. (CEO: Suk Cha) delivered the highest half-year result. Company sales increased 1.9% yoy to 3.1tr won, operating profit increased 7.3% yoy to 492bn won, recurring profit increased 9.6% to 466bn won, and net profit increased 9.0% yoy to 349bn won
Despite the ongoing sluggish domestic economy and a sharp decline of inbound traffic from China, balanced portfolio of Beautiful, Healthy and Refreshing, and focus on luxury cosmetic business led to the highest half-year earnings of all times.
In Beautiful (cosmetics), sales increased 1.2% yoy to 1.64tr won, and operating profit increased 5.0% yoy to 325bn won. Even though travel retail was directly impacted by sharp decline of inbound traffic from China, China on-shore luxury cosmetics business grew 75% and helped to offset the negative impact.
In Healthy (household goods), sales increased 1.4% yoy to 804bn won, and operating profit increased 2.1% yoy to 94bn won. Overall sales was maintained at similar level as last year, but continuous effort to introduce differentiated products and premiumize helped to gain market share by 1.2%p to 37.1%
In Refreshing (beverages), sales increased 4.2% yoy to 692bn won, and operating profit increased 28.2% yoy to 73bn won. Carbonated drinks continued to grow, led by ‘Coca-Cola’, and ‘Sprite’. In Non-Carbonated drinks, ‘Seagram’s’, ‘Crushed Pear Juice’, and ‘Toreta’ recorded strong results