LG Electronics India's quarterly profit rises on strong summer appliance sales
LG Electronics India's quarterly profit rises on strong summer appliance sales Aug 13 (Reuters) - 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;))
Recent news on LG Electronics India
See all newsFactbox: As Reliance Jio eyes listing, what are India's biggest share offerings?
Factbox: As Reliance Jio eyes listing, what are India's biggest share offerings?
LG Electronics India gains after UBS starts coverage with 'buy', Street-high PT
Brief: Lg Electronics India Receives Show Cause Notice From Commissioner Of Customs
Factbox: As NSE lists, a look at debut performance of India's largest IPOs