Samsung Q1 profits jump on strong smartphone sales

Friday 27 April 2012 | 09:21 CET | News
Samsung Electronics reported first-quarter results sharply higher, led by strong demand for its smartphones. The company's sales rose 22 percent year-on-year to KRW 45.27 trillion, and operating profit nearly doubled to KRW 5.85 trillion. Net profit improved 81 percent to KRW 5.05 trillion. The communications division, which includes network equipment and mobile devices, grew sales 70 percent from a year earlier to KRW 23.22 trillion, and its operating profit rose 193 percent to KRW 4.27 trillion. Handset revenues alone were up 83 percent year-on-year to KRW 18.90 trillion. Samsung said

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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