April 26, 2017 / 11:51 PM / 4 months ago

Samsung Elec says Q1 operating profit up 48 pct y/y

SEOUL, April 27 (Reuters) - Strong memory chip earnings propelled tech giant Samsung Electronics Co Ltd 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.

$1 = 1,131.7900 won Reporting by Hyunjoo Jin and Se Young Lee; Editing by Stephen Coates

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below