Electrolux Sees Strong Rise in First Quarter Profit

April 28, 2016 8:15 AM

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Swedish home appliance maker Electrolux says its first-quarter income rose 158 percent to 875 million kronor ($108 million), citing increasing demand in Europe and North America.

Electrolux, the world's second-largest appliance maker after U.S rival Whirlpool, says sales for the period ending March 31 dropped 3 percent to 28.1 million kronor ($3.5 million).

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