LG To Step Up Its Game To Stay No. 1 In White Goods

LG Electronics India reported a 14 percent jump in its net profit to Rs 1454.2 crore in 2017-18, extending its lead as the country’s second most profitable consumer electronics maker after Samsung.

The South Korean firm, in its regulatory disclosures to the Registrar of Companies (RoC), said FY18 revenue from operations, including other income, was Rs 16,059 crore against Rs 16,220.3 crore in 2016-17. The revenue is not comparable over last year due to transition to the new GST regime during the fiscal. Samsung India sales were Rs 61,065 crore last fiscal led by smartphones which account for over 60 percent of its revenue.― FeedBack

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