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Wireless

Samsung Q1 profit up 42% on strong mobile sales

Friday 26 April 2013 | 08:40 CET | News
Samsung Electronics reported a strong increase in first-quarter results, led by its mobile phone activities. Revenues rose 17 percent from a year earlier to KRW 52.9 trillion, and operating profit improved to KRW 8.78 trillion from KRW 5.69 trillion a year ago. Net profit rose to KRW 7.15 trillion from KRW 5.05 trillion. The growth was due entirely to its IT and telecom division, where sales rose to KRW 32.82 trillion from KRW 22.47 trillion a year earlier, and operating profit increased to KRW 6.51 trillion from KRW 4.18 trillion. Samsung said the handset and tablet markets were lower

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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