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Samsung net profit up 46% in Q1, mobile results lower

Thursday 27 April 2017 | 08:10 CET | News
Samsung reported a drop in mobile revenues and profit in the first quarter but said shipments improved compared to the previous quarter thanks to new mid-range models like the A7. Revenues at the mobile division fell 15 percent year-on-year and 0.5 percent from the fourth quarter to KRW 23.50 trillion, and operating profit was down to KRW 2.07 trillion from KRW 3.89 trillion a year ago. The company's net profit in the first quarter totalled KRW 7.68 trillion, up from KRW 5.25 trillion a year ago. Samsung said mobile profit was under pressure due to fewer shipments of its flagship model, the

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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