LG H&H, Reports Record High Annual Results 7.7tr won (+13.9% yoy), Operating Profit 1.2tr won (+13.2% yoy)
2020.01.29■ 15 Consecutive Years of Growth in Sales and Operating Profits
■ Record-high fourth quarter results, surpassing 2tn won for the first time on a quarterly basis
Jan 29, 2020 – In FY 2019, LG H&H, Ltd. (CEO: Suk Cha) delivered record-high annual results. The Company reported 7.7tr won in sales (+13.9% yoy), 1.2tr won in operating profit (+13.2% yoy) and net profit increased to 788bn won (+13.9% yoy).
Despite persisting uncertainties caused by domestic economic slowdown, US-China trade war, the introduction of China’s E-Commerce Law, and headwinds such as protests in Hong Kong,the company achieved stable and outstanding performance growing over 10% yoy every quarter throughout the year.
The company has recorded positive results in both domestic and overseas market. ’Whoo’, ‘su:m’, ‘O HUI’ has accomplished outstanding performance through improved brand competitiveness and the overseas businesses achieved 48% growth yoy led by China and Japan.
The company also secured a new business growth engine through the acquisition of Avon, to penetrate into the North American market and prepare for global expansion.
In 4Q 2019, sales increased 18.5% yoy surpassing 2tn won sales level for the first time on a quarterly basis. Operating profit increased 14.3% yoy to 241bn won, resulting both sales and operating profits to report record-high fourth quarter results, and 15 consecutive years of growth.
FY & 4Q Results Summary
(Unit: bn won)
|
|
FY |
4Q |
||
|
Amount |
YoY |
Amount |
YoY |
|
|
Sales |
7,685 |
13.9% |
2,013 |
18.5% |
|
Operating Profit |
1,176 |
13.2% |
241 |
14.3% |
|
Net Profit |
788 |
13.9% |
134 |
32.1% |
