Menu
Search

Samsung net profit rises 52% in Q1

Thursday, April 26, 2018
32
Separator
27
Separator
43
Separator
7
Separator
Print Print Email Email

South Korean tech giant Samsung Electronics achieved a net profit of $10.74 billion in the first quarter of 2018, up 52.11 per cent year-on-year, the company announced.

The company attributes these results to the good performance of its memory chip unit as well as the increase in sales of its flagship mobile, the Galaxy S9.

Its net profit for the January-March period was 4.64 per cent lower though than that of the last quarter of 2017, Efe news reported.

Its operating profit grew by 58.03 per cent and set a new record for the first-quarter of the year, while its turnover increased by 19.82 per cent.

This is the fourth consecutive quarter in which the South Korean giant has achieved record operating profit.

Read more news:

Infosys donates Rs 2.50cr to Kerala hospital


Source: IANS
Write your comment now
Submit Reset
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit