Samsung predicts 48% increase in Q1 operating profit: Yonhap

By Park Sae-jin Posted : April 7, 2017, 08:43 Updated : April 7, 2017, 08:43

[Courtesy of Samsung]


Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business.

Operating profit is estimated at 9.9 trillion won (8.76 billion US billion dollars) in the January-March period, compared with 6.68 trillion won posted a year earlier, the South Korean tech giant said in its regulatory filing.

Samsung did not announce the performance of each business division. The company is set to release the finalized earnings report later this month.

(Yonhap)


 
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