LX Hausys' operating profit in the first quarter of this year increased by 101.1% compared to the same period last year, achieving improved performance.
On the 24th, LX Hausys announced that it recorded sales of 849.5 billion KRW and an operating profit of 32.4 billion KRW in the first quarter of this year.
Sales increased by 1.1% and operating profit increased by 101.1% compared to the same period last year. Compared to the previous quarter, sales decreased by 3.8%, but operating profit increased by 265.2%.
Regarding the first quarter performance, LX Hausys explained, "Sales slightly increased compared to the same period last year due to increased sales of key products such as windows, insulation materials, and industrial films, despite the downturn in front markets such as construction and real estate. Operating profit also increased due to the impact of sales growth, along with a decline in raw material costs such as PVC and efforts to improve costs."
They added, "In the second quarter, we plan to continue efforts to overcome the domestic market downturn by targeting overseas markets, focusing on increasing sales of differentiated new products such as 'View Frame' windows and SMR (Supermatt Resist, low-gloss surface) PVC furniture films to maintain growth. At the same time, we will concentrate on securing profitability through crisis management that swiftly responds to the complex crisis caused by global geopolitical instability."
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