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LG Household's Q1 net up 12.5 pct on high-end cosmetics sales

2017/04/28 13:41

SEOUL, April 28 (Yonhap) -- LG Household & Health Care Co., South Korea's leading maker of cosmetics and household products, said Friday its net profit soared 12.5 percent in the first quarter from a year earlier, led by strong sales in premium cosmetics lineups despite jitters from China.

Net income came to 180.6 billion won (US$159 million) in the January-March period, compared with 160.6 billion won the previous year, the company said in a regulatory filing.

The figure beats the market consensus of 175.3 billion won estimated by local brokerages in a poll by Yonhap Infomax, the financial news arm of Yonhap News Agency.

The operating profit climbed 11.3 percent to 260 billion won, with sales reaching 1.6 trillion won in the cited quarter, up 5.4 percent from a year ago.