LG H andH Co. on Thursday reported its first-quarter net income of 113.1 billion won (US$82.3 million), up 17.4 percent from a year earlier.

Operating profit for the January-March period was 151 billion won, up 3.5 percent from a year ago, the company said in a regulatory filing. Revenue rose 2.7 percent to 1.72 trillion won.

The operating profit was 16.3 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.

Source: Yonhap News Agency