Seoul: LX International Corp. announced on Wednesday a significant increase in its first-quarter net profit, reaching 110.4 billion won (US$77.3 million), marking a 12.7 percent rise compared to the same period last year.

According to Yonhap News Agency, the company detailed in a regulatory filing that its operating income for the January-March period improved by 5.6 percent year-on-year, totaling 116.9 billion won. Additionally, the company's sales saw a 7.2 percent increase, amounting to 4.04 trillion won.

The company's financial results surpassed market expectations, with analysts projecting an average net profit of 57.2 billion won, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.