LG Hausys Q3 Operating Profit 28.1 Billion KRW... Up 13% YoY

[Asia Economy Reporter Hwang Yoon-joo] LG Hausys announced that its consolidated operating profit for the third quarter of this year reached 28.1 billion KRW, a 13% increase compared to the same period last year. During the same period, sales decreased by 2.2% to 770.9 billion KRW, while net profit surged by 345.2% to 53.6 billion KRW.

Compared to the previous quarter, operating profit increased by 113%, sales by 7.1%, and net profit by 2261.4%.

Regarding the third quarter performance, LG Hausys explained, "Although sales slightly declined year-on-year due to reduced overseas sales caused by the prolonged COVID-19 pandemic, operating profit increased through profitability-focused business activities, including expanded sales of premium products such as high-performance windows and insulation materials."

They added, "In the fourth quarter, we will minimize uncertainties caused by COVID-19 and achieve growth accompanied by profits by diversifying domestic interior distribution channels and continuing to expand sales of premium building materials."

This content was produced with the assistance of AI translation services.