Turn off the Ad Banner  

To print: Select File and then Print from your browser's menu.

    -----------------------------------------------
This story was printed from CdrInfo.com,
located at http://www.cdrinfo.com.
-----------------------------------------------

Appeared on: Saturday, April 06, 2013
Samsung First-quarter Profit Up 53 Percent

Samsung Electronics said its operating profit last quarter rose 53 percent over a year earlier, outpacing expectations.

In a guidance released ahead of full quarterly results by April 26, Samsung estimated its January-March operating profit rose 53 percent to 8.7 trillion won ($7.7 billion) as sales of mid-tier smartphones helped the South Korean giant tide over the off-peak season.

Analysts expect Samsung's earnings to hit a new high in the current quarter as Samsung's Galaxy S IV smartphone hits the market this month.

Samsung also estimated its first-quarter sales at 52.0 trillion won, versus a market forecast for 53.0 trillion won.

Samsung is the world's largest maker of smartphones, memory chips, televisions and flat screen panels.


Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .