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Samsung Electronics Q1 Net Profit Rises; Revenue Up 69%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Samsung Electronics (005930.KS,SMSN.L,005935.KS) said it achieved record quarterly revenue and operating profit through AI technology innovations and proactive market response. First quarter profit attributable to owners of the parent was 47.1 trillion Korean won, compared to 8.0 trillion won, prior year. Operating profit was 57.2 trillion won, compared to 6.7 trillion won.

First quarter revenue was 133.9 trillion Korean won, up 69% from last year. DS - Semiconductor sales were 81.7 trillion won, an increase of 86% from previous year. DX - Mobile / VD / DA sales were 52.7 trillion won, up 19%.

Shares of Samsung Electronics are trading at 2,24,500 won, down 0.66%.

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