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LG Household & Health Care Q2 profit climbs 39.1% YOY

LG Household & Health Care Ltd. said its second-quarter normalized net income came to 6,512.26 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 7,276.84 won per share.

EPS rose 59.3% year over year from 4,087.76 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 95.47 billion won, a gain of 39.1% from 68.61 billion won in the year-earlier period.

The normalized profit margin increased to 7.3% from 6.0% in the year-earlier period.

Total revenue increased 14.8% year over year to 1.311 trillion won from 1.142 trillion won, and total operating expenses increased 12.0% on an annual basis to 1.143 trillion won from 1.021 trillion won.

Reported net income rose 23.3% year over year to 100.28 billion won, or 6,840.19 won per share, from 81.32 billion won, or 4,844.56 won per share.

As of Aug. 17, US$1 was equivalent to 1,183.06 South Korean won.