LG's Q1 report is out, showing a significant rise in the company's operating profit. Its profit was the highest it's been in close to 8 years. Television and home appliance sales were a key source of revenue and profits for the company.

Profit was up 82.4% over last year, bringing LG to $816 million. Sales increased by 9.7%.

Premium home appliances were an important division during the time period. That division had a record 11.2% operating profit margin, with a lot of the profits originating with high-end washers and refrigerators.

LG still reported a loss in its mobile business, though smartphone shipments increased 10% to 14.8 million units.