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Samsung Q1 profit beats expectations

2016-04-07 08:38:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics said it expects to report first-quarter revenues of KRW 49.0 trillion, up from KRW 47.1 trillion a year ago. Operating profit is expected to improve to KRW 6.6 trillion from KRW 6.0 trillion in Q1 2015. The figures were better than expected. A poll of analysts by Bloomberg predicted operating profit of KRW 5.53 trillion. The company is expected to have benefited from the first month of sales from the flagship Galaxy S7 smartphone, which was launched earlier than its predecessor last year. 

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