LG reports best quarterly profit in nearly 8 years

South Korea's LG Electronics said on Thursday its firstquarter operating profit rose to its highest in nearly eight years on strong sales of home appliances and televisions, with revenue likely to increase in the current quarter. LG said its January-March profit was 922 billion won ($816 million), up 82 per cent from a year ago and in line with its estimate earlier in April. Revenue rose 9.7 per cent to 14.7 trillion won, also in line with the company's previous estimate.