SEOUL - In the fourth quarter, LG Household & Health Care Ltd. (LG HandH) reported a net loss of 120.4 billion won ($90.2 million), continuing its negative performance from the previous year.
According to Yonhap News Agency, the company's operating profit for the October-December period decreased by 57.6 percent year-on-year to 54.7 billion won, while revenue fell by 13.3 percent to 1.56 trillion won. The loss reported was significantly above the average estimate, being 2382.5 percent higher according to a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency.