SEOUL - LG Household & Health Care Ltd. (LG HandH) experienced a significant decrease in its net profit for the year 2023, which fell by 36.7 percent to 163.5 billion won ($122.5 million).
According to Yonhap News Agency, the operating profit also saw a decline, dropping to 487 billion won from 711.1 billion won the previous year. Additionally, LG HandH's annual sales decreased by 5.3 percent, totaling 6.8 trillion won.