[BeautyKorea News / 뷰티코리아뉴스 / 임도이 기자] LG Household & Health Care, Ltd. recorded sales of 6.3tr won (+2.9% yoy), operating profit of 930bn won (+5.6% yoy), and net profit of 619bn won(+6.8%).
Overall market growth faced headwinds due to a sharp decline of inbound Chinese traffic since March and general concerns over safety of chemical products. However, all three divisions delivered higher growth than market; (1) Beautiful posted continuous growth driven by focus on luxury cosmetics in domestic and overseas market, (2) Healthy achieved gains in product safety and premiumization, (3) Refreshing expanded its categories through new product launches.
Both sales and operating profit have risen year to year for 13 consecutive years and resulted in record-high annual results. Despite complications caused by THAAD deployment, Beautiful achieved strong results from differentiated strategy with luxury cosmetics focus, and solid growth from overseas including China, demonstrating resilience despite external factors.
Debt-to equity ratio improved by16.8%p yoy from 71.8% to 55.0% due to increased cash flow from profit growth.
