LX Hausys, Q3 Operating Profit 11.1 Billion KRW... Down 60.2% YoY
[Asia Economy Reporter Hwang Yoon-joo] LX Hausys announced on the 28th that its consolidated operating profit for the third quarter of this year was 11.1 billion KRW, a 60.2% decrease compared to the same period last year. During the same period, sales increased by 12.6% to 868.3 billion KRW, while net profit decreased by 94.3% to 3 billion KRW.
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LX Hausys stated, "Sales increased compared to the same period last year due to the growth in domestic and overseas sales of premium building materials such as high-insulation windows, functional flooring, and engineered stone, as well as the expansion of B2C sales of kitchen and bathroom products." However, operating profit declined due to the sharp rise in prices of key raw materials such as PVC (polyvinyl chloride) and MMA (methyl methacrylate), as well as the increase in the KRW-USD exchange rate."
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