LG H&H Q1 net profit down 15.4 pct to 96.3 bln won

LG H&H-Q1 earnings

LG H&H Q1 net profit down 15.4 pct to 96.3 bln won

SEOUL, April 27 (Yonhap) -- LG H&H Co. on Thursday reported its first-quarter net profit of 96.3 billion won (US$72 million), down 15.4 percent from a year earlier.

Operating income for the January-March period was 145.9 billion won, down 16.9 percent from a year ago, the company said in a regulatory filing. Revenue rose 2.4 percent to 1.68 trillion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 93.7 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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