LX Hausys Q2 Operating Profit at 12.8 Billion Won, Down 66% Year-on-Year

Profitability Declines in Building Materials Division

On July 24, LX Hausys announced that, on a consolidated basis, its operating profit for the second quarter of this year was 12.8 billion won, a decrease of 66.2% compared to the same period last year.

During the same period, sales amounted to 819.5 billion won, down 13.0%. The company recorded a net loss of 81 million won, turning to a deficit.

By business segment, the building materials division posted sales of 547 billion won and operating profit of 800 million won. The automotive materials and industrial film division reported sales of 272.4 billion won and operating profit of 12 billion won.

LX Hausys stated, "Uncertainty in the real estate market and a competitive environment are expected to persist, and uncertainties in downstream industries, such as U.S. tariffs, have also intensified." The company added, "We will seek to secure profitability by expanding our client base and improving our distribution structure."