LG H&H registers highest financial results to date

2-Nov-2016

The owner of su:m, belif and Whoo saw sales spike 12.7% year-on-year to ₩1.6 trillion in Q3 2016

LG H&H, the parent company of premium cosmetics brands including su:m, belif and Whoo, saw total company sales, operating profit and net profit reach the highest figures to date in Q3 2016.

Sales grew 12.7% year-on-year to ₩1.6 trillion, while operating profit grew 28.4% to ₩244bn. Meanwhile, net profit grew 41.2% to ₩192bn. The latest sales increase represents the company’s 45th consecutive quarter of growth since Q3 2005.

In the company’s cosmetics arm, sales grew 26.5% compared with Q3 2015 to reach ₩742bn.

High growth in the luxury cosmetics division boosted this figure.

Luxury cosmetics were up 44% year-on-year, with brands including Whoo, su:m and other major brands outperforming and growing 80% compared with the prior year quarter in DFS.

Sign up for your free email newsletter

In China, Whoo counters grew from 124 at the end of 2015 to 150, while nine new su:m counters are planned for the end of 2016.

Companies