LG Elec says first quarter profit up 82 percent from year earlier

Reuters News
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Posted: Apr 27, 2017 2:24 AM

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.

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)