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Samsung forecasts Q1 operating profit up 50.3pc year-on-year

Samsung forecasts Q1 operating profit up 50.3pc year-on-year
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Samsung Forecasts Q1 Operating Profit Up 50.3% Year-on-year

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Samsung forecasts Q1 operating profit up 50.3 percent

Samsung Electronics Co expects operating profit for the first quarter of this year to rise 50.3 percent, the South Korean tech giant said in a statement yesterday, despite global supply chain woes.
The world’s biggest smartphone maker said first-quarter operating profit would be about 14.1 trillion won (US$11.6 billion), up from 9.4 trillion won in the same quarter last year.
Samsung did not provide details on the performance of its various divisions.
It is expected to release its full results on April 28.
Analysts said the forecast was likely driven by strong smartphone sales, but warned of an expected drop in profits in ....

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