SEOUL (Reuters) – Samsung Electronics (LON 🙂 Co Ltd said Wednesday that first quarter operating profit was likely up 44%, driven by brisk sales of home appliances, smartphones and televisions, although chip revenues likely fell after a winter storm halted US production.
The South Korean tech giant projected a profit of 9.3 trillion won ($ 8.32 billion) from January to March, which corresponds to an analyst forecast of 9.3 trillion won by Refinitiv SmartEstimate.
Revenue is likely to have risen 17% year over year to 65 trillion won, the company said in a brief preliminary earnings release.
Samsung is expected to release detailed results later this month.
($ 1 = 1,118,2100 won)
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