Samsung Electronics posts record operating profits of US$ 14.4 bil. in Q1
- 6 years ago
Samsung Electronics has posted another record quarterly operating profit,... following last year's excellent performance.
According to the firm's earnings guidance report on Thursday, the Korean tech giant recorded 14-point-four billion U.S. dollars of operating profit for the first quarter, an increase of over 58 percent from the same time last year.
Samsung Electronics also saw its revenue for this period jump 19-point-eight percent to 56-point-one billion dollars.
The record profits come on the back of strong demand for Samsung's memory chips and its latest flagship smartphones.
According to the firm's earnings guidance report on Thursday, the Korean tech giant recorded 14-point-four billion U.S. dollars of operating profit for the first quarter, an increase of over 58 percent from the same time last year.
Samsung Electronics also saw its revenue for this period jump 19-point-eight percent to 56-point-one billion dollars.
The record profits come on the back of strong demand for Samsung's memory chips and its latest flagship smartphones.