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LG Household & Health Care Q1 profit climbs 46.0% YOY

LG Household & Health Care Ltd. said its first-quarter normalized net income amounted to 7,088.71 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 7,011.38 won per share.

EPS rose 66.9% year over year from 4,248.28 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 103.92 billion won, a gain of 46.0% from 71.19 billion won in the year-earlier period.

The normalized profit margin rose to 8.0% from 6.3% in the year-earlier period.

Total revenue grew 15.4% year over year to 1.302 trillion won from 1.128 trillion won, and total operating expenses rose 12.3% year over year to 1.124 trillion won from 1.000 trillion won.

Reported net income increased 20.7% year over year to 107.42 billion won, or 7,327.24 won per share, from 89.03 billion won, or 5,312.35 won per share.

As of May 15, US$1 was equivalent to 1,083.65 South Korean won.