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LGEINDIA LG Electronics India News Story

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LG Electronics India posts drop in second-quarter profit

BENGALURU, Nov 13 (Reuters) - LG Electronics India LGEL.NS posted a 27% drop in quarterly profit on Thursday, its first quarterly results since listing.

     The company posted a standalone profit of 3.89 billion rupees  ($44.26 million) for the quarter ended September 30, down from 5.36 billion rupees a year earlier.

($1 = 87.8950 Indian rupees)

 (Reporting by Nishit Navin; Editing by Harikrishnan Nair)

 ((Nishit.Navin@thomsonreuters.com;))

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