LG H&H swings to Q1 profit on robust US sales

LG Household & Health Care swung back to profit in the first quarter as restructuring efforts and surging North America sales began to bear fruit, even as annual growth continued to lag, the company said Sunday. The company reported operating profit of 107.8 billion won ($73 million) on revenue of 1.58 trillion won, with sales rising 7 percent from the prior quarter and operating margins rebounding to 6.8 percent from negative 4.9 percent. Compared with a year earlier, however, revenue fell 7.1

By The Korea Herald