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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

LG Hausys’ Q3 operating profit down 23%

By 황유미

Published : Oct. 26, 2016 - 15:34

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[DISCLOSURE] LG Hausys (108670) reported on Oct. 26 that its operating profit in the third quarter fell 22.8 percent to 36.2 billion won (US$32.05 million) from the same period last year.

Its revenue inched up 3.2 percent to 719.8 billion won on-year.

“Total revenue increased thanks to growing sales in B2C market of construction materials and rise in overseas demand for premium artificial marble, but as the domestic auto output slumped, sales and profitability in the auto parts material division decreased,” said a company official.

(theinvestor@heraldcorp.com)

LG Hausys’ Q3 operating profit down 23%

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