Whirlpool's profit rises 75 percent on margin improvement

July 19 Fri Jul 19, 2013 6:10am EDT

July 19 (Reuters) - Whirlpool Corp reported a 75 percent increase in its second-quarter profit, boosted by strong demand and expansion in its gross margin.

The world's largest appliance maker said net income rose to $198 million, or $2.44 per share, from $113 million, or $1.43 per share, a year earlier.

On an adjusted basis Whirlpool earned $2.37 per share.

Sales rose 5 percent to $4.75 billion.

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