[Special Stock] LG Saenghwal Geongang Declines on 1Q Earnings Slump

LG Household & Health Care is on a downward trend due to weak first-quarter earnings.

As of 9:41 a.m. on the 28th, LG Household & Health Care is trading at 612,000 KRW, down 0.97% from the previous trading day. During the session, the stock price fell as much as 4.85% from the previous day, dropping below the 600,000 KRW mark to 588,000 KRW.

LG Household & Health Care announced yesterday that its consolidated operating profit for the first quarter of this year was 145.9 billion KRW, a 16.9% decrease compared to the same period last year. The core cosmetics business recorded an operating profit of 61.2 billion KRW, down 11.3% year-on-year, affected by delayed recovery in Chinese consumer demand and rising costs and fixed expenses.

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