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LG Household & Health Care profit misses consensus by 25.0% in Q4

LG Household & Health Care Ltd. said its normalized net income for the fourth quarter was 5,188.19 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 6,920.26 won per share.

EPS fell 31.6% year over year from 7,581.55 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 76.06 billion won, an increase of 20.3% from 63.20 billion won in the year-earlier period.

The normalized profit margin was 6.4%.

Total revenue climbed 13.0% year over year to 1.328 trillion won from 1.176 trillion won, and total operating expenses grew 11.0% on an annual basis to 1.181 trillion won from 1.065 trillion won.

Reported net income fell 19.9% from the prior-year period to 25.67 billion won, or 1,750.84 won per share, from 32.04 billion won, or 3,843.03 won per share.

For the year, the company's normalized net income totaled 26,803.44 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 29,055.92 won.

EPS rose 35.0% from 19,848.44 won in the prior year.

Normalized net income was 392.93 billion won, a gain of 35.0% from 290.97 billion won in the prior year.

Full-year total revenue increased 13.9% on an annual basis to 5.328 trillion won from 4.677 trillion won, and total operating expenses grew 11.5% on an annual basis to 4.644 trillion won from 4.166 trillion won.

The company said reported net income increased 31.8% on an annual basis to 402.67 billion won, or 27,467.45 won per share, in the full year, from 305.53 billion won, or 20,841.57 won per share.

As of Feb. 26, US$1 was equivalent to 1,240.23 South Korean won.