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Lipstick wars: LG Household beats AmorePacific for first time

Diversified product range helped company weather China risk

SEOUL -- LG Household & Health Care outperformed its bigger rival AmorePacific Group in the second quarter thanks to its diversified product portfolio which helped the cosmetics company weather political risks stemming from conflict between South Korea and China.

LG Household posted 1.5 trillion won ($1.3 billion) in revenue in the April-June period, down 1.5% from a year ago. Its operating profit increased 3.1% to 232.5 billion won in the same period. Net profit reached 168.3 billion won, up 5.6%.

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