Samsung Electronics Q1 Operating Profit Down 0.15 Pct

SEOUL, April 8 (Korea Bizwire) — Samsung Electronics Co. on Tuesday estimated its first-quarter operating profit edged down 0.15 percent from a year earlier but exceeded market expectations on strong sales of its new flagship smartphones. The world’s biggest maker of memory chips expected an operating profit of 6.6 trillion won (US$4.5 billion) for the [...]The post Samsung Electronics Q1 Operating Profit Down 0.15 Pct appeared first on Be Korea-savvy.

Samsung Electronics is facing declining representation in South Korea’s Exchange-Traded Fund (ETF) market. (Image courtesy of Yonhap) SEOUL, April 8 (Korea Bizwire) — Samsung Electronics Co. on Tuesday estimated its first-quarter operating profit edged down 0.

15 percent from a year earlier but exceeded market expectations on strong sales of its new flagship smartphones. The world’s biggest maker of memory chips expected an operating profit of 6.6 trillion won (US$4.

5 billion) for the quarter ending in March, according to an earnings guidance released by Samsung Electronics. The operating profit was 33.5 percent higher than the average estimate of 4.

9 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Sales increased 9.8 percent to 79 trillion won.

The data for net income was not available. Experts noted the better-than-expected performance may be attributable to the popularity of the new Galaxy S25 smartphones, which went on sale in February. Samsung Electronics did not release a detailed earnings report of its business divisions, but the market forecast that the company’s semiconductor business earned around 1 trillion won in operating profit for the first quarter.

The company will release its final earnings report later in the month. (Yonhap).