Alphabiz - LX Holdings fell 54% year-on-year to 73.1 billion won in operating profit last year

[Alpha Biz=(Chicago) Reporter Kim Jisun] LX Holdings announced on the 26th that its consolidated operating profit fell 54% year-on-year to KRW 73.1 billion last year.

Sales rose 7665.6 percent to 37.9 billion won over the same period. Net profit fell 53.7 percent to 78.8 billion won.

LX Holdings said, "Sales increased due to the receipt of brand usage fees," adding, "Profits decreased due to the slowing performance of subsidiaries."

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)