LS Electric-Q1 earnings

LS Electric-Q1 earnings

LS Electric Q1 net profit up 50.8 pct to 50.5 bln won

SEOUL, April 27 (Yonhap) -- LS Electric Co. on Thursday reported its first-quarter net profit of 50.5 billion won (US$37.7 million), up 50.8 percent from a year earlier.

Operating profit for the January-March period was 81.8 billion won, up 101.6 percent from a year ago, the company said in a regulatory filing. Sales rose 33.7 percent to 975.8 billion won.

The operating profit was 19.0 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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