Samsung’s profit jumps 46 per cent thanks to semiconductor

8 months ago admin Comments Off on Samsung’s profit jumps 46 per cent thanks to semiconductor

Samsung Electronics says its first-quarter profit has surged nearly 50 per cent thanks to the record-high income from its semiconductor division.

The South Korean company said Thursday its January-March earnings jumped 46 per cent over a year earlier to 7.7 trillion won ($6.8 billion). The result beats expectations. Analysts according to data provider FactSet expected a net income of 7.1 trillion won.

Sales rose 2 per cent over a year earlier. Operating profit surged 48 per cent to 9.9 trillion won ($8.7 billion).

The stellar results come after tough months for Samsung, which had its executives indicted on corruption charges and its Galaxy Note 7 smartphone recalled twice.

Samsung’s mainstay chip division fuelled the profit surge as strong sales of memory chips for computers and mobile devices led to a record-high profit.

AP

Reader comments on this site are moderated before publication to promote lively and civil debate. We encourage your comments but submitting one does not guarantee publication. We publish hundreds of comments daily, and if a comment is rejected it is likely because it does not meet with our comment guidelines, which you can read here. No correspondence will be entered into if a comment is declined.

Samsung GT- S7262 "No Service" "Emergency Calls Only" Network Problem Solution By Maximum Technology

Namaskar Doston, Mai hu Sakriya Sanjay or Swagat Kartu hu Aap sb ka apna channel Maximum Technology mai, Doston aaj ...