LG Household sells 1 trillion won of cosmetics in quarter
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LG Household & Health Care sold 1 trillion won ($885.2 million) of cosmetics for the first time ever in a quarter, the company said Thursday. In its 2018 fourth quarter, cosmetics sales totaled 1.05 trillion won, an increase of 18.2 percent year on year. It credits strong sales of luxury line “The History of Whoo” for the good performance, adding that Whoo became the first single brand in the domestic cosmetics industry to reach 2 trillion won in annual global sales.
LG’s health care arm achieved another first. It recorded annual operating profits over 1 trillion won for the first time last year, while posting 6.7 trillion won in total sales.
Questions & Answers
Q.Which specific product line contributed significantly to LG Household & Health Care's strong cosmetics sales in the fourth quarter?
Which specific product line contributed significantly to LG Household & Health Care's strong cosmetics sales in the fourth quarter?
The luxury line "The History of Whoo" is credited with the strong performance. It also became the first single brand in the domestic cosmetics industry to achieve 2 trillion won in annual global sales.
Q.What was the total value of LG Household & Health Care's cosmetics sales in the 2018 fourth quarter?
What was the total value of LG Household & Health Care's cosmetics sales in the 2018 fourth quarter?
In the 2018 fourth quarter, LG Household & Health Care's cosmetics sales reached 1.05 trillion won. This figure represents an 18.2 percent increase compared to the previous year.
Q.Did LG Household & Health Care's health care division also achieve a marker last year?
Did LG Household & Health Care's health care division also achieve a marker last year?
Yes, LG Household & Health Care's health care arm recorded annual operating profits exceeding 1 trillion won for the first time last year. Its total sales for the year were 6.7 trillion won.
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