Korea Cosmetics: LG Household’s Profit Soars on Premium Sales

LG Household and Health Care posted its highest-ever operating profit in the second quarter of this year.

Sales grew 11.1 percent on-year to W1.65 trillion while operating profit rose 15.1 percent to W267.3 billion on the back of growth of its high-end cosmetics lines, the company said on Tuesday (US$1=W1,135).

It attributed the growth largely to its focus on marketing premium cosmetics brands such as Whoo and OHUI.

Whoo's sales soared 66 percent on-year, leading overall cosmetics sales. The number of its stores in China increased to 199 from 172 over the past year....

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thumbnail courtesy of chosun.com

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