Samsung posts 52% increase in first quarter net profit

By Lim Chang-won Posted : April 26, 2018, 09:16 Updated : April 26, 2018, 09:16

[Courtesy of Samsung Electronics]


SEOUL -- Samsung Electronics posted a 52 percent increase in its first-quarter net profit, helped by a stellar performance in its microchip business.

In the January-March period, net profit rose to 11.6 trillion won (10.7 billion US dollars) from 7.6 trillion won a year earlier, Samsung said in its earnings guidance report. First-quarter operating profit soared 58 percent on-year to 15.6 trillion won and sales were up 20 percent to 60.56 trillion won. 
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