[Featured Stock] Samsung SDI Surges Over 5% Intraday on Surprise Earnings
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[Asia Economy Reporter Kwon Jae-hee] Samsung SDI is showing strong performance in the early trading session, buoyed by its strong first-quarter results.
As of 10:02 AM on the 29th in the KOSPI market, Samsung SDI is trading at 618,000 KRW, up 3.34% from the previous trading day.
During the session, Samsung SDI even reached 628,000 KRW, up 5.02% from the previous trading day.
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Samsung SDI, which announced its first-quarter earnings the day before, reported a consolidated operating profit of 322.3 billion KRW, a 142% increase compared to the same period last year. Sales during the same period rose 36.7% to 4.0494 trillion KRW. This earnings surprise, marking the first time quarterly sales exceeded 4 trillion KRW in the first quarter of last year, is interpreted as having a positive impact on the stock price.
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