LG Household & Health Care reports 127.4 billion won in net profit for Q3
LG Household & Health Care reported a lower-than-expected net profit of 127.4 billion won ($89.9 million) in the third quarter, down 46.8 percent on year.
The figure failed to surpass market expectations of a 154.5-billion-won net profit, compiled by FnGuide.
Revenue fell 7 percent on year to 1.87 trillion won. The figure slightly missed analyst expectations of 1.89 trillion won.
Its operating profit also fell, down 44.5 percent on year to 190 billion won.
The company stated that increasing raw material prices due to the ongoing Russia-Ukraine war was one of the biggest factors affecting its profit.
BY LEE TAE-HEE [lee.taehee2@joongang.co.kr]
with the Korea JoongAng Daily
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