[Update] Samsung Electronics Achieves Record Quarterly Results with Sales of 133.9 Trillion Won and Operating Profit of 57.2 Trillion Won
In the first quarter of this year, Samsung Electronics achieved record-breaking quarterly results, with sales exceeding 133.9 trillion won and operating profit surpassing 57.2 trillion won.
According to Samsung Electronics' earnings announcement on April 30, consolidated sales for the first quarter of this year amounted to 133.8734 trillion won, and operating profit reached 57.2328 trillion won, representing year-on-year growth of 69.16% and 756.10%, respectively. During the same period, net profit was 47.2253 trillion won, an increase of 474.31% compared to the previous year.
By business segment, the Device Solutions (DS) division, which handles the semiconductor business, led the company’s performance, recording sales of 81.7 trillion won and operating profit of 53.7 trillion won.
The Device eXperience (DX) division, responsible for finished products (sets), posted sales of 52.7 trillion won and operating profit of 3 trillion won.
Hot Picks Today
"When Should I Sell My $30 Million in Shares?"... SpaceX Employees Face a Happy Dilemma
- Nearly 500 Patients in a Day Bring Medical System to Brink of Collapse... Nigeria Faces Cholera Outbreak Emergency
- "Japan Outraged Over Korea's 'Theft'; New Variety Rights Protection Agency to Launch in August"
- "Is She Really a Mother of a 45-Year-Old? The Secret to Youthful Looks of a 70-Year-Old Woman with 2 Million Followers"
- Travelers Risk Being Stranded... Japan on High Alert Amid Worst-Ever Typhoon Scenario
Its subsidiary Harman recorded sales of 3.8 trillion won and operating profit of 200 billion won, while the display business achieved sales of 6.7 trillion won and operating profit of 400 billion won.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.