[Infostock Daily= Reporter An Hoe Hyun] LG Household & Health Care announced on the 22nd that it achieved sales of 2.0706 trillion won in the third quarter of 2020, up 5.4% year-on-year. Operating profit rose 5.1% to 327.6 billion won and net profit rose 6.7% to 231.7 billion won.
Beauty business achieved sales of 1.1438 trillion won and operating profit of 197.7 billion won in the third quarter. The figure fell 1.5% and 6.7%, respectively, compared to the same period last year.
HDB(Home Care & Daily Beauty) business achieved sales of 508.8 billion won and operating profit of 66.8 billion won in the third quarter. It is an increase of 26.8% and 47.9%, respectively, compared to the same period last year.
Refreshment business posted sales of 418 billion won and operating profit of 63.2 billion won in the third quarter, up 3.8% and 15.1%, respectively, from a year earlier.
Despite the difficult business environment due to COVID-19, the longest rainy season in the history and frequent typhoons, the company continued its sales growth due to strengthening the product lineup of major brands such as 'Coca-Cola', 'Monster Energy' and 'Seagram' and good performance in online and delivery channels.
Reporter An Hoe Hyun ahh@infostock.co.kr
