[Edaily Reporter Kwon Oh Seok ] LG H&H(051900)’s stock price is surging in early trading. It appears that buying interest is surging on news that the company successfully improved its earnings, posting double-digit growth in operating profit for the second quarter of this year.

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According to MP Doctor on the 30th, LG H&H’s stock is trading at 290,000 won as of 9:07 a.m., up 10.27% from the previous trading day.
The previous day, LG H&H announced in a regulatory filing that its consolidated second-quarter operating profit was provisionally estimated at 102.8 billion won, an 87.6% increase compared to the same period last year (54.8 billion won). During the same period, revenue rose 3.3% from 1.6049 trillion won to 1.6574 trillion won, and net income also increased by 101.2% to 77.6 billion won.
As the strategy to restructure its overseas business portfolio—which has been underway since last year—begins to bear fruit, changes in the company’s business structure are gaining momentum, with North American sales surpassing those in China for the first time.
The company analyzed, “Amid continued global growth of premium brands such as Dr. Groot, strong sales of functional products through strategic domestic and international channels drove the growth in earnings.”
In overseas markets, North America drove growth. LG H&H’s overseas sales for the second quarter of this year reached 584.5 billion won, a 12.6% increase from the same period last year. The share of overseas sales in total revenue expanded to approximately 35%. By region, sales in North America rose 47.3% to 205.8 billion won, while sales in China fell 5.0% to 176.0 billion won. This marks the first time in history that North American sales have surpassed those in China since LG H&H was spun off as an independent entity.