Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) reported a profit for the first-quarter that climbed 45.06 percent from last year, reflecting strong demand for mobile devices and other technology during the pandemic. Quarterly revenue grew 18.19 percent from the prior year.
Looking ahead for the second quarter, the company expects earnings at the semiconductor business is to increase as memory market conditions improve on the back of strong server demand.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.