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LG Elec Says First Quarter Profit up 82 Percent From Year Earlier

 

FILE PHOTO: Models pose for photographs with a LG electronics’ new V20 premium smartphone during its unveiling ceremony in Seoul, South Korea, September 7, 2016. REUTERS/Kim Hong-Ji/File Photo REUTERS

SEOUL (Reuters) – South Korea’s LG Electronics Inc <066570.KS> said on Thursday its first-quarter operating profit rose 82 percent from a year earlier to its highest in nearly eight years on the back of healthy sales for its appliances and television businesses.Reuters

LG said January-March profit was 922 billion won ($816 million) in line with its estimate earlier in April. Revenue rose 9.7 percent to 14.7 trillion won, also in line with the company’s previous estimate.

(Reporting by Joyce Lee; Writing by Se Young Lee; Editing by Richard Pullin)

Copyright 2017 Thomson Reuters.

 

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