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    Home > LG has a sale of 183.25 billion, which is the highest in history.

    LG has a sale of 183.25 billion, which is the highest in history.

    Echemi 2019-08-12

    hou-cosmetics

    LG's healthy living sales in the second quarter of 2019 amounted to 183.25 billion won, with operating profit and net profit of 301.5 billion won and 211.5 billion won, respectively, up 10.9%, 12.8% and 12.9% over the same period last year.

    Cosmetics sales of 108.9 billion won, operating profit of 225.8 billion won, an increase of 16.3% over the same period last year.

    According to the company, this is the result of the steady growth of high-end luxury brands.

    Hou brand consolidated the best brand image of Gongzhong cosmetics through various activities and special edition series, which increased by 24% over the same period last year, mainly due to the growing demand for high-end cosmetics in overseas markets led by China.

    For a long time, the high-end series `Summa'and `The First' of LG's leading and supporting brands `Breath'and `Ouhui' have increased by 67% and 43%, respectively. Strengthen the brand's high-end positioning, high-end cosmetics brand'CNP'sales also increased by 28%.This is LG's healthy life since the third quarter of 2005, which has maintained a high growth rate for 55 consecutive quarters, and operating profit has also increased for 57 consecutive quarters since the first quarter of 2005, which has maintained a high growth rate for 15 consecutive years like operating profit. As a result, annual sales in the first half of the year totaled 377.3 billion won, an increase of 11.9% over the same period last year. Operating profit in the first half of the year was 623.6 billion won, an increase over the same period. Net profit in the current quarter was 437.3 billion won, an increase of 13.9% over the same period last year.

    Especially after the last quarter, the operating profit in the second quarter exceeded 300 billion won again, the sales volume in half a year exceeded 3.7 trillion won for the first time, the operating profit exceeded 600 billion won, and the sales and operating profit performance reached the highest level in history. 

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