LG H&H Reports 28.3% Drop in Q3 Net Profit to 91.3 Billion Won

SEOUL, - LG H&H Co. announced its third-quarter financial results on Thursday, reporting a net profit of 91.3 billion won (US$67.1 million), which represents a 28.3% decline from the same period last year.

According to a new release by the Yonhap News Agency, LG H&H posted an operating profit of 128.5 billion won for the July-September period, down 32.4% from a year ago. Revenue fell by 6.6% to 1.74 trillion won. Despite these declines, the earnings exceeded market expectations. The average estimate of net profit by analysts was 88.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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