SEOUL (Reuters) - South Korea’s LG Electronics Inc 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.
($1 = 1,129.4000 won)
Reporting by Joyce Lee; Writing by Se Young Lee; Editing by Richard Pullin