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Samsung shows signs of stabilizing

Staff writer ▼ | April 7, 2015
Samsung estimated its January-March operating profit at 5.9 trillion won ($5.4 billion). The company's operating profit was an improvement from the previous two quarters.
Samsung
Samsung Electronics    Operating profit improved from the previous two quarters
"There have been a lot of reports about earnings forecasts for Samsung Electronics. It's fair to say that we will report improved profits during the January-March period," Lee Joon, chief communications officer at Samsung Future Strategy Office, told reporters in a briefing.

Samsung did not give a breakdown of its financial performance but analysts said robust demand for its mobile chips and improvements in its smartphone business were behind the relative improvement. It will release its full quarterly results later this month.

The company's operating profit was an improvement from the previous two quarters when its mobile business, which accounts for two-thirds of Samsung's income, suffered from a sales slowdown. Samsung estimated that its sales fell 12 percent to 47 trillion won ($43 billion) during the first quarter.

Samsung expects its operating profit to steadily improve in the quarters to come, boosted by strong demand for its new smartphones, the Galaxy S6 and S6 Edge.


 

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