Second quarter down 5% but growth in Korea and product launches to drive revenue
LG Home Appliance Company has reported a second quarter revenue of KRW 3.03trillion (USD 2.94billion), which was 5% lower compared with the same period.
The appliance manufacturer has cited unfavourable foreign currency exchange, particularly in emerging markets, affecting its revenue.
However, LG Home Appliance Company reported strong sales in its native Korean market, with sales up 9% from the same quarter the previous year.
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An improvement in cost structure resulted in the LG Home Appliance Company recording operating profit of KRW 97.8billion (USD 95million) and profit margin of 3.2%.
LG expects revenues and profitability for home appliances to increase in the second half due to the launch of washing machines, refrigerators and the effect of cost reductions.
Go further and find out the UK trends for side-by-side and multiple door refrigeration.
Sintered stone manufacturer Neolith has launched Calacatta Roma and Cappadocia Sunset, inspired by nature and classical architecture, and for use in kitchens or bathrooms walls, floors, in gardens or facades.
They belong to The New Classtone and Fusioncollections which interpret marble and natural stone, respectively, and boast Neolith’s antibacterial NeolEAT technology.
Inspired by Ancient Rome, Calacatta Roma (pictured top) pays homage to Italian Carrara marble, with ochre and grey veins in a white background.
While the Cappadocia region, in central Turkey, with its rock formations formed by volcanoes and underground cities, has inspired Cappadocia Sunset (pictured below).
Just like all of Neolith’s surfaces, Calacatta Roma and Cappadocia Sunset are resistant to heat and atmospheric conditions, are 100% recyclable, and do not contain added quartz to their formulation.
Mar 14, 2024
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