LX Hausys announced its business results in the third quarter, including cumulative sales of 2.54 trillion won and operating profit of 69.3 billion won. Compared to the same period of the previous year, sales and operating profit increased by 14.8% and 11.5%, respectively, showing improvements in both sales and profitability.
In the third quarter alone, it recorded 868.3 billion won in sales and 11.2 billion won in operating profit. This is a 12.6% increase in sales and a 60.2% decrease in operating profit compared to the same period last year (3Q 2020).
Regarding the 3Q earnings, LX Hausys said, “Sales increased compared to the same period of the previous year due to increased domestic and overseas sales of premium building materials such as high-insulation windows, functional flooring and engineered stone and B2C sales of kitchen and bathroom products.” Operating profit declined due to the sharp rise in the price of major raw materials such as PVC (polyvinyl chloride) and MMA (methyl methacrylate) and the impact of the won-dollar exchange rate,” he said.
“In the fourth quarter, we will accelerate the expansion of the total interior business with the ‘LX Jiin Interior’ brand at the fore, and increase sales and secure profitability by increasing the supply of premium building materials at home and abroad.”