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Samsung Electronics posts double-digit growth in Q1 earnings

SEOUL
2021-04-29 11:43

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SEOUL, April 29 (Xinhua) -- Samsung Electronics, South Korea's tech giant, posted a double-digit growth in the first-quarter earnings, a regulatory filing showed Thursday.

Operating profit amounted to 9.38 trillion won (8.5 billion U.S. dollars) in the January-March quarter, up 45.5 percent from a year earlier. It beat market expectations of about 9 trillion won (8.1 billion U.S. dollars).

Revenue advanced 18.2 percent to 65.39 trillion won (59 billion U.S. dollars), marking the biggest first-quarter figure in the company's history.

Net income surged 46.2 percent over the year to 7.14 trillion won (6.4 billion U.S. dollars) in the first quarter.
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