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LG Electronics India's quarterly profit rises on strong summer appliance sales

LG Electronics India's quarterly profit rises on strong summer appliance sales

- LG Electronics India LGEL.NS reported a rise in first-quarter profit on Thursday, as strong demand for its air conditioners and refrigerators helped the consumer goods maker navigate a competitive market.

For the quarter ended June 30, the company posted a net profit of 6.53 billion rupees ($68.42 million), compared with 5.13 billion rupees a year earlier.

($1 = 95.4400 Indian rupees)


(Reporting by Urvi Dugar in Bengaluru; Editing by Mrigank Dhaniwala)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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