[2nd Report] Samsung Electronics Q1 Revenue 65 Trillion KRW, Operating Profit 9.3 Trillion KRW Strong Performance
[Asia Economy Reporter Kim Heung-soon] Samsung Electronics announced on the 7th that its preliminary figures for the first quarter of this year showed sales of 65 trillion KRW and operating profit of 9.3 trillion KRW.
Sales increased by 17.48% compared to the first quarter of 2020 (55.33 trillion KRW) and rose 5.61% compared to the previous quarter (61.55 trillion KRW). Operating profit grew 44% compared to the same period last year (6.45 trillion KRW) and increased 2.76% compared to the previous quarter (9.05 trillion KRW).
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Samsung Electronics' sales for the first quarter of this year are close to the record high set in the third quarter of last year (66.96 trillion KRW), and the operating profit significantly exceeded market expectations (consensus), which had forecasted 8.9 trillion KRW, marking a strong performance.
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