[Featured Stock] LG Household & Health Care Drops Over 11% on 1Q Earnings Shock
[Asia Economy Reporter Lee Jung-yoon] LG Household & Health Care is plunging more than 11% in early trading.
As of 9:27 a.m. on the 12th, LG Household & Health Care is trading at 716,000 KRW, down 11.71% from the previous day. On this day, LG Household & Health Care also fell to 705,000 KRW, marking a 52-week low.
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The previous day, LG Household & Health Care announced that its consolidated operating profit for the first quarter of this year decreased by 52.6% compared to the same period last year, amounting to 175.6 billion KRW. Additionally, sales were 1.645 trillion KRW, down 19.2% year-on-year. Net profit fell 56% to 113.8 billion KRW.
This content was produced with the assistance of AI translation services.
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