(MENAFN) Samsung Electronics Co. has announced on Thursday that its net profit of the first quarter rose 52.11 percent from a year earlier, after improved returns from its crucial chip operations and smartphone sales.
According to the company, net profit came to 11.6 trillion won for the January-March period, compared with 7.6 trillion won posted a year earlier.
Operating profit reached a record-high of 15.6 trillion won, up 58.03 percent from the first three months of last year, it also moved up 3.27 percent from the previous record of 15.1 trillion won posted a quarter earlier.
Moreover, sales increased 19.82 percent to 60.5 trillion won, compared with 50.5 trillion won in the same three-month period in 2017.
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