Samsung Electronics Q1 profit likely jumps 50per cent on solid chip demand

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SEOUL : Samsung Electronics Co Ltd on Thursday reported a 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips.The world's largest memory chip and smartphone maker estimated first-quarter profit at 14.1 tri

SEOUL : Samsung Electronics Co Ltd on Thursday reported a 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, as solid demand underpinned prices for memory chips.

The world's largest memory chip and smartphone maker estimated first-quarter profit at 14.1 trillion won , versus a Refinitiv SmartEstimate of 13.3 trillion won.

 

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