News > Samsung Q1 operating profit soars, chip business back to profit

Samsung Q1 operating profit soars, chip business back to profit

Samsung Electronics' operating profit went up more than ten-fold in the first quarter, with its chip business shifting to the black for the first time in five quarters. The world’s largest maker of smartphones and memory chips said its operating profit reached 6.6 trillion won (US$4.8 billion) for the January-March period, compared with 640.2 billion won a year ago. Its sales jumped 12.8% to 71.9 trillion won, and net profit soared 329% to 6.75 trillion won.