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HomeChannelsBusinessSamsung Electronics says first-quarter operating profit up 48 percent year-on-year | Reuters

Samsung Electronics says first-quarter operating profit up 48 percent year-on-year | Reuters


SEOUL Strong memory chip earnings propelled tech giant Samsung Electronics Co Ltd (005930.KS) to its best quarterly profit in more than 3 years, the South Korean firm said on Thursday as its first-quarter results matched its earlier guidance.

Samsung said in a regulatory filing its January-March operating profit was 9.9 trillion won ($8.75 billion), compared with 9.9 trillion won it estimated earlier in April.


Revenue rose 2 percent to 50.5 trillion won, also in line with its earlier estimate.

(Reporting by Hyunjoo Jin and Se Young Lee; Editing by Stephen Coates)

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