Samsung's Q1 profit is 7.57 trillion won

Samsung Electronics says its first-quarter net profit rose 5.9 per cent from a year ago to 7.57 trillion won ($A7.85 billion).

Samsung Electronics says its first-quarter net profit rose 5.9 per cent from a year ago to 7.57 trillion won ($A7.85 billion), while operating profit declined for a second straight quarter.

The South Korean electronics giant posted operating profit of 8.49 trillion won - down 3.3 per cent from a year ago, following a 6.0 per cent decline in the fourth quarter.

Sales for January to March inched up 1.53 per cent to 53.7 trillion won, the company said in a statement on Tuesday.

The company - the world's top maker of smartphones and mobile phones in general - has been hit by slowing growth in smartphone sales in lucrative markets such as the United States and Europe.

The mobile business unit - which accounts for the lion's share of the overall sales - posted an operating profit of 6.43 trillion won - down 1.2 per cent from the previous year.

Global demand for both smartphones and tablet computers "decreased" in the first quarter, it said.


Share
1 min read

Published

Updated

Source: AAP

Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
Samsung's Q1 profit is 7.57 trillion won | SBS News